Florida Governor Ron DeSantis Proposes Creating a Cryptocurrency Payment System for State Fees

The American politician and attorney serving as the 46th governor of Florida, Ron DeSantis, announced the state’s 2022-23 budget proposal last week and proposed an idea to let businesses pay state fees with crypto assets. The governor’s “Freedom First Budget” suggests creating a department in Florida to accept state fees in cryptocurrencies.

Florida Governor’s Freedom First Budget Includes Crypto

The Republican governor of Florida, Ron DeSantis seems to be keen on allowing businesses in Florida to pay for state fees in crypto assets. Florida is becoming well known for its politicians who are positive about the digital currency economy as Miami Mayor Francis Suarez has been very vocal about supporting bitcoin. Suarez gets a portion of his salary in BTC and recently announced he plans to take a fraction of his 401k retirement plan and convert it into bitcoin.

A report published by Fortune says DeSantis has explained in recent times that he wants the Florida state government to become “crypto-friendly.” “Florida encourages cryptocurrency as a means of commerce and furthering Florida’s attractiveness to businesses and economic growth,” DeSantis wrote in Florida’s 2022-23 budget proposal.

During His Speech in Tallahassee, DeSantis Discussed Leveraging Blockchain Pilots to Bolster State-Operated Departments

DeSantis also spoke about the budget proposal in a speech on Thursday in Tallahassee. “Our view as the state government is this is something that we welcome and we want to make sure that the state government is crypto-friendly,” the Florida governor remarked. In addition to Miami’s Mayor Francis Suarez, crypto businesses like Blockchain.com, Etoro, and FTX have locations in Florida and Miami.

During his speech in Tallahassee, DeSantis also discussed blockchain technology. The Florida governor explained that the state aims to launch pilot programs that tether distributed ledger technology to state-operated entities like Florida Highway Safety and Motor Vehicles, and Medicaid payments. While DeSantis has officially launched his bid for reelection as the state’s governor, there are rumors DeSantis may run for president of the United States in 2024.

What do you think about Ron DeSantis proposing that Florida businesses could pay state fees with crypto assets? Let us know what you think about this subject in the comments section below.

Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin

Miami Mayor Francis Suarez Plans to Take a Fraction of His 401k in Bitcoin

During the first week of November, the reelected Miami mayor Francis Suarez explained that he would receive part of his salary in bitcoin via the payment processor Strike. A month later, speaking at Real Vision’s Takeover event in Las Vegas, Suarez revealed he plans to take part of his 401k in bitcoin as well.

Pro-Bitcoin Miami Mayor Plans to Convert a Portion of His 401k Into Crypto

Miami mayor Francis Suarez is a big fan of bitcoin (BTC) and he has spoken about his fascination with cryptocurrency on various occasions. In mid-October, Suarez told the press that he was building Miami into America’s crypto capital and the mayor stressed that cryptocurrency is a “major priority” for him. Suarez also told Chinese miners to relocate to Miami and leverage Florida’s abundant nuclear energy after China banned bitcoin mining.

Last month, Suarez revealed he was utilizing the third-party payment processor Strike to get a portion of his paycheck converted into bitcoin. Additionally, a growing number of mayors in cities across the U.S. have explained they too have an interest in getting paid in bitcoin. Now Miami mayor Francis Suarez is taking it a step further and converting some of his retirement money into bitcoin as well. Speaking with the Real Vision managing editor Samuel Burke in Las Vegas, Suarez remarked that it was a “personal choice.”

“I just think it is a good asset to be invested in. I think it’s one that’s obviously going to appreciate over time. It’s one that I believe in,” Suarez said. Burke asked the Miami mayor if he would invest his 401k in bitcoin next year and Suarez replied, “Oh yeah! Definitely.” The Miami mayor further added:

Blockchain has succeeded so well because people have confidence in it. They have confidence in it because they see that it’s an open-source and an un-manipulatable system. And I think that is the source of the popularity and why it’s done so well.

Suarez Discusses Obtaining a Crypto Yield From Miamicoin, Paying Municipal Fees in Bitcoin

Suarez explained last month that Miami residents may soon get access to a “bitcoin yield” that stems from the city’s own crypto-asset called “Miamicoin (MIA).” New York City also has its own coin called “NYC” and both NYC and MIA can be mined. The Miami mayor also told Real Vision’s managing editor that Miami residents will soon be able to pay municipal fees in BTC.

“We just had an industry day for bitcoin exchanges, and we’re in the process of putting out an RFP (request for proposal) on that,” Suarez remarked during his interview. The Miami mayor told Burke that because he has income stemming from the private sector it gives him the right to invest his 401k in crypto. “I do have private-sector income,” Suarez concluded. “So, in fairness, my mayoral salary is not 100% of my income. So it’s a part of my income I can do this type of investment with.”

What do you think about Miami mayor Francis Suarez getting part of his 401k in bitcoin? Let us know what you think about this subject in the comments section below.