The proposal is dedicated to enable a crypto-friendly Florida
According to a series of cryptocurrency proposals in the 2022 state budget, DeSantis proposed letting companies pay state fees in cryptocurrencies. On Dec. 9 in Tallahassee, DeSantis spoke at length about blockchain technology and cryptocurrencies. DeSantis also proposed allocating another $500,000 to research the potential of blockchain technology to maintain motor vehicle records, authenticate Medicaid transactions and detect possible fraud.The budget proposal says that the total amount of $700,000 is earmarked to enable a crypto-friendly Florida. It's not a strange proposal, as DeSantis' statements come after Miami Mayor Francis Suarez has been touting the benefits of the technology all year. Last month, Miami Mayor Francis Suarez announced he wanted to be the first U.S. lawmaker to accept a portion of his salary in Bitcoin.
Florida is becoming a crypto hub
The state of Florida has gained notoriety in the United States for its quick support of the cryptocurrency market. MiamiCoin raised $1 million in just one week as it benefited from 30% token revenue. Florida has even become one of the first "crypto cities," with MiamiCoin supporting the city's economic growth and development.It supported the industry by paying out $21 million in locally mined crypto to citizens. Such actions show that cryptocurrency is gaining a foothold in the state. Mayor Suarez has worked to attract miners to South Florida and has spoken with energy officials to facilitate the process. Miami, is also being actively promoted as the “world's Bitcoin and crypto capital.”
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