Miami Mayor Francis Suarez, one of many few cryptocurrency-friendly candidates operating for president of the US in 2024, has introduced he might be suspending his marketing campaign.

In an Aug. 29 announcement on X (previously Twitter), Suarez mentioned that whereas operating for U.S. president had been “one of many best honors of [his] life,” he made the choice to finish his marketing campaign and advised he would help “a powerful nominee” from the Republican Social gathering. The Miami mayor introduced in June he supposed to hunt the Republican nomination for U.S. president within the 2024 election, however he didn’t qualify for the primary get together debate on Aug. 23.

As mayor of Miami, Suarez made headlines in 2021 after saying he would settle for a few of his paychecks in Bitcoin (BTC) and supporting the MiamiCoin (MIA) token mission. Together with longshot Democratic hopeful Robert F. Kennedy Jr., the Miami mayor was one of many few overtly crypto-friendly candidates operating in 2024.

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In response to many latest polls, Florida Gov. Ron DeSantis trails behind former President Donald Trump for the Republican nomination for president. Trump didn’t attend the primary get together debate and faces each state and federal legal prices associated to his alleged position in trying to overturn the outcomes of the 2020 presidential election, which he misplaced to present U.S. President Joe Biden.

The 2024 elections within the U.S. may change the way in which the federal government handles digital asset laws. Democrats presently maintain a slim majority within the Senate, however 34 seats out of 100 might be up for grabs within the subsequent election. Members of the Republican Social gathering have a majority of seats within the Home of Representatives, however the destiny of all 435 might be determined in November 2024.

Journal: Opinion: GOP crypto maxis virtually as unhealthy as Dems’ ‘anti-crypto military’