The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning level” that “creates an unimaginable alternative for America.” He mentioned: “Their loss is our acquire and America can and can lead the longer term by offering a clear energy residence for bitcoin miners and all who’re constructing on/with/for bitcoin.”
Miami Mayor Sees US Benefiting From China’s Crypto Crackdown
Miami Mayor Francis Suarez, who has been attempting to construct his metropolis right into a bitcoin hub, sees the crypto crackdown by the Chinese language authorities as a possibility for his metropolis and the U.S. He advised Bloomberg:
The turning level is now. It creates an unimaginable alternative for America.
Suarez commented on China’s crackdown this week: “China banning bitcoin is a large mistake with impacts that might be felt for generations. Their loss is our acquire and America can and can lead the longer term by offering a clear energy residence for bitcoin miners and all who’re constructing on/with/for bitcoin.”
The mayor of Miami shouldn’t be the one politician who sees China’s crackdown on crypto as a possibility for the U.S. “China’s authoritarian crackdown on crypto, together with bitcoin, is a giant alternative for the U.S. It’s additionally a reminder of our enormous structural benefit over China,” mentioned Senator Pat Toomey. Congressman Patrick McHenry mentioned, “China’s resolution to limit entry presents an ideal alternative for American management on cryptocurrency.”
Mayor Suarez mentioned earlier this week that he has been actively attempting to persuade cryptocurrency miners that South Florida provides nice alternatives for mining, together with clear power choices, similar to nuclear, photo voltaic, and hydroelectric.
He confirmed that he has spoken to the CEO of Florida Energy & Gentle, Eric Silagy, about attracting crypto companies to the world. He tweeted in Could that the Metropolis of Miami “can mine bitcoin with clear nuclear power offered by Florida Energy & Gentle,” emphasizing:
We wish to be the crypto mining capital of the world and know it may be achieved sustainably and incorporate photo voltaic.
Do you assume that China’s crypto crackdown is a chance for the U.S. to guide within the space of crypto and crypto mining? Tell us within the feedback part under.
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