Miami’s mayor – Francis Suarez – announced his withdrawal from the US Presidential race without providing an exact reason for his decision.

He is known as an outspoken proponent of bitcoin who has invested some of his wealth in the primary digital asset. Suarez also became the first American politician to receive his salary in BTC instead of fiat currency.

One of the Pro-Crypto Republicans Calls it Quits

Suarez disclosed on X (Twitter) that he will no longer pursue the goal of becoming the 47th President of the United States. However, he said his “commitment to making this a better nation for every American remains.”

The 45-year-old politician outlined some of the main problems of the US, such as high inflation, elevated interest rates, which are “punishing young Americans,” and the rising crime level. He raised hopes that the Republican party would find an appropriate candidate to cope with those problems and “inspire and unify the country.” 

In addition, he highlighted the success achieved in Miami during his tenure. The financial heart of Florida registered an unemployment rate of 2.10% (as of the end of June). The city has also become quite attractive for developers and entrepreneurs due to the administration’s multiple initiatives focused on tech innovations and cryptocurrencies.

“I know what we have achieved during my tenure leading the City of Miami can be replicated in every community in our great country. The next President must play a major role in getting Am