Miami Commissioners Reject Mayor's Push to OK Crypto Use, Vote to Study It First: Report
The city will seek a vendor to help City Hall pay all or part of its employees' salaries in bitcoin.
Residents would also have the option of using cryptocurrency to pay for city services.
Aktualisiert 14. Sept. 2021, 12:11āÆp.m. Verƶffentlicht 12. Feb. 2021, 12:25āÆp.m. Ćbersetzt von KI
Miami Mayor Francis Suarez
Miami's city commissioners tapped the brakes on Mayor Francis Suarez's headlong rush to make the city a cryptocurrency haven, voting Thursday night to study the use of crypto before allowing residents to use it to pay for services or giving city workers the option to to get paid in it, according to a report in the Miami Herald.
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Suarez, who wanted commissioners to vote to approve the use of bitcoin immediately, portrayed the vote as a step in the right direction.
Commissioners did vote to launch education campaigns in English, Spanish and Creole to inform people about crypto, and encourage the state legislature to pass laws that would clearly allow the city to invest public funds in cryptocurrency, the Herald said. Suarez has been advocating using the city's treasury funds to invest in bitcoin.
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GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
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The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
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As expected, the Federal Reserve trimmed its benchmark fed funds rate range by 25 basis points on Wednesday afternoon.
Today's cut is notable given the unusually large amount of public dissension among Fed members for further monetary ease.
Two Fed members dissented from the rate cut, preferring instead to hold rates steady, while one member voted for a 50 basis point rate cut.