Miami Mayor Francis Suarez, a crypto-friendly candidate running for president in the 2024 US election, has announced the suspension of his campaign. In a statement on social media, Suarez expressed gratitude for the opportunity to run for president but stated that he would support a strong nominee from the Republican Party instead.
Despite his intentions to seek the Republican nomination, Suarez did not qualify for the first party debate. As mayor of Miami, Suarez gained attention for accepting part of his salary in Bitcoin and backing the MiamiCoin project.
It is worth noting that he was one of the few openly crypto-friendly candidates in the race. Recent polls suggest that Florida Governor Ron DeSantis trails behind former President Donald Trump for the Republican nomination. The outcome of the 2024 elections could have significant implications for digital asset legislation, as the balance of power in Congress may shift.