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Florida Governor Supports Bitcoin Following Miami Mayor Francis Suarez

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The state of Florida is offering large support to Bitcoin as Governor Ron DeSantis is welcoming new Bitcoin (BTC) and cryptocurrency initiatives. This is very important for Florida and also for Miami, where Mayor Francis Suarez has been pushing for Bitcoin adoption and initiatives over the last few years. 

Florida Governor Supports Bitcoin

Bitcoin is receiving support from Florida’s governor and Miami’s mayor. According to a recently released Bloomberg report, DeSantis explained that their view at the state government is to welcome Bitcoin and make sure they are crypto-friendly. 

“Our view as the state government is this is something that we welcome and we want to make sure that the state government is crypto-friendly,” he said. 

It is clear that the state wants to attract a large number of Bitcoin investors and companies. There are some initiatives such as paying state fees using Bitcoin. This could give an impulse to companies and businesses that work with the largest virtual currency in the world. 

This shows how local governments are starting to push for Bitcoin adoption and offering incentives to companies and citizens to use and embrace this virtual currency. It is worth taking into consideration that El Salvador is the best example of how a country embraced Bitcoin and made it legal tender. 

Nowadays, El Salvador is the only country in the world that made Bitcoin legal tender. Companies are obligated to accept Bitcoin and people can pay with it if they want to do so. Due to this reason, the Bitcoin lightning network (LN) expanded to unprecedented levels. 

Despite the recent efforts in Florida to push for Bitcoin adoption, there are few tangible things about it. Most of these positive comments about Bitcoin are just that: positive comments. It would be very important for these attitudes to materialize with real facts, but this is where lawmakers will have to work hard in the coming months and years. 

Bitcoin and cryptocurrency regulations remain a difficult topic to be discussed and analysed. This is why it might take longer in order for Bitcoin and cryptocurrency initiatives to flourish in the United States and other jurisdictions around the world.

Few countries have implemented clear Bitcoin regulations, including El Salvador, Malta and Switzerland. Nonetheless, the crypto ecosystem expands very fast. This could be very important for governments as they would have to accelerate legislation and create the necessary conditions for digital assets and Bitcoin to properly grow.

Jonathan Gibson

Jonathan Gibson

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