Francis Suarez, Miami Mayor, has told Bloomberg that he sees the crypto crackdown by the Chinese government as an opportunity for his city and the U.S. at large. Mr. Suarez has been in the news for trying to make his city a crypto hub.
“The turning point is now. It creates an incredible opportunity for America,” he said.
“China banning bitcoin is a massive mistake with impacts that will be felt for generations. Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin,” he said a fortnight ago while commenting on the China crackdown.
Bitcoin News further reports the mayor of Miami is not the only politician who sees China’s crackdown on crypto as an opportunity for the U.S. “China’s authoritarian crackdown on crypto, including bitcoin, is a big opportunity for the U.S. It’s also a reminder of our huge structural advantage over China,” said Senator Pat Toomey. Congressman Patrick McHenry said, “China’s decision to restrict access presents a perfect opportunity for American leadership on cryptocurrency.”
Mayor Suarez said earlier this week that he has been actively trying to convince cryptocurrency miners that South Florida offers great opportunities for mining, including clean energy options, such as nuclear, solar, and hydroelectric.
He confirmed that he has spoken to the CEO of Florida Power & Light, Eric Silagy, about attracting crypto businesses to the area. He tweeted in May that the City of Miami “can mine bitcoin with clean nuclear energy provided by Florida Power & Light.”
“We want to be the crypto mining capital of the world and know it can be done sustainably and incorporate solar,” he emphasized.
