Pro-Bitcoin U.S. presidential candidate Francis Suarez suspends campaign
The Miami mayor was one of the three Republican candidates known for his support of the emerging crypto industry.
“I have decided to suspend my campaign for President, [however] my commitment to making this a better nation for every American remains.”
While noting that running for the president’s seat was one of the greatest honors of his life, Suarez promised to keep in touch with other Republican presidential candidates and support any strong nominee his party puts forward.
Meanwhile, Suarez’s statement did not specify the reason for his withdrawals. However, media reports have suggested that his decision was linked to his campaign’s inability to secure a spot in the initial GOP primary debate.
Considering his pro-crypto history, Suarez’s short campaign for office had drawn interest from the cryptocurrency community. The Mayor was one of the three Republican candidates believed to support the emerging industry.
Suarez was one of the first U.S. politicians to take a salary in Bitcoin and also led Miami’s development of the MiamiCoin(MIA), the city’s native cryptocurrency, which seeks to fund municipal projects by generating additional yields.
In June, Mayor Suarez revealed that his campaign was receiving donations in the flagship digital asset from his supporters. As of press time, his website showed it was still accepting donations in several cryptocurrencies.
The Mayor’s campaign team has yet to respond to CryptoSlate’s request for comment on how much they raised via crypto donations.
Meanwhile, the former presidential aspirant has also expressed strong displeasure towards central bank digital currencies (CBDCs). Suarez had said he would ban these currencies because they violated Americans’ privacy rights.