Miami’s crypto market is in the midst of a quiet comeback
Circle President Heath Tarbert discusses the “morning” stubcoin law and the entire cryptocurrency landscape.
Magic City is sometimes quickly known as “CryptoCity” because certain market signals have risen to the surface and now represent a quiet cryptocurrency comeback.
“I don’t think this will go away from trends and trends. And I think it has a huge advantage and I think it’s done right now.” Billionaire Ryan Shear He told Fox News Digital.
“The Miami crypto market has returned quietly,” he added.
Starting in May, PMG has begun cash-to-cash payments across the Florida portfolio, from pre-construction condommint encryption, via public payment processing company Shift4. This setup allows crypto holders to invest in real estate, but developers receive US dollars and aim to bridge the gap between emerging technologies and traditional finance.
Bitcoin breaks price record of $123,000 when lawmakers launch “Crypto Week” in Washington
Another Miami real estate project, Rider Residence, reportedly completed its first direct wallet-to-wall crypto transaction in the area.
View of the downtown Miami skyline from Miami South Channel in Miami, Florida, April 5, 2021. (Getty Images)
This is among other signs of cryptography momentum: Winklevoss Twins ‘Gemini Recently, we opened our first Miami office in the Winwood area prior to our confidential IPO submission. Citadel, which is building a new Miami headquarters, has joined Goldman Sachs to support a $135 million round of crypto company digital assets, as Bloomberg reported earlier this year that it was investigating crypto transactions.
“We see strong activities from companies across high-tech, finance and digital innovation. Some started out with crypto and blockchain, but many now extend to fintech, private capital and emerging investment platforms. They’re not just appearing.
“Miami attracted the attention of the public early by embracing codes, but the more interesting story is how that early energy evolved into something bigger,” she continued.
Miami Mayor Francis Suarez offers a perspective on cryptocurrency and how he contributed to the Miami economy in “Morning with Maria.”
Out of the pandemic, Miami has become itself “Global Crypto Capital” The mayor created “Miamicoin” and took direct effort to attract more crypto businesses, accepting 100% of his own salary with just crypto. From 2021 to 2023, the Miami Heat home stadium was named FTX Arena.
FTX and Sam Bank Manfried Fallout have scepticized and warned the whole industry, but Shear believes it’s all under suppression.
“The way we borrow money, the structure of contracts with buyers, the way lenders lend money, everyone has become smarter and safer for whoever’s profit.
“We want our employees to be grateful and in assets hedging inflation,” said Miami Mayor Francis Suarez.
“How we set up with Shift4, why it took so long, and why we did it carefully, and they took it carefully, and with escrow agents and all the legal councils we got, it was done with a lens that could go south,” he explained.
It’s still too early to tally the number of transactions in which PMG is deployed, but Shear says PMG accepts 65 crypto transactions under the previous system, predicting it will surpass the metrics that will advance.
PMG and Shift4 encourage Crypto holders to start using Stablecoins such as USDC and USDT. However, you can also pay from a central exchange account such as Coinbase with assets such as Bitcoin, Ethereum, and Solana.
“As a new emerging financial product, it’s not different from real estate or other asset classes. I think it’s something that wants to diversify, leverage, etc.” Shear said. “All we do is really create a pathway to doing that seamlessly.”
Participants will take photos in front of Miamibull during the Bitcoin 2022 conference. (Getty Images)
“We take a portion of your digital currency. We’re freeing our position by telling people why you’re diversifying and not getting into real estate,” he expanded. “Frankly, when we take a step back in history, that is what a lot of people generally do between investing in the stock market, investing in hard assets and commodities, which is just another path.
“Crypto isn’t dealing with itself, but we certainly see early signs of adoption. Home sales using digital currency are already happening in Miami, giving us a glimpse of where things are heading.”
“But what really stands out is that the companies behind these technologies have planted roots in Miami and are poised to expand throughout the region.
Senator Tim Scott, Rs.C. “Joining the morning with Maria, President Donald Trump will discuss the push for America to become the world’s “crypto capital.”
Shear predicts that Miami is accepting the pace of crypto trading nationwide as he praised Congress for setting a “tone to deregulate the industry.”
Wednesday, House of Representatives I clinched a new record For the longest vote in history due to a conservative uprising against the cryptocurrency bill.
Guidelines and establishment of national innovation for the US Stablecoins Act (Genius Act) to establish regulations for Stablecoins have already passed the Senate. The digital asset market, Clarity Act (Clarity Act), which is expected to have at least some bipartisan support, would have placed a new federal guardrail in cryptocurrency.
But the last bill, a Republican priority called the Anti-CBDC Oversight National Act, proved flashpoints during Wednesday’s marathon voting.
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“Making Money” host Charles Payne discusses the stock market’s response to President Donald Trump’s latest tariff manipulation and the future of blockchain technology.
“I think we’re scratching the surface,” Shea said. “I don’t think Crypto is unique to Florida. Well, Miami is like a hub.”
“Miami is a very advanced city. It’s not Silicon Valley. We’re not a high-tech hub. It’s not New York, but it seems like a good combination of many of the best cities,” he said. “So I think it works well with the culture here, and I think it’s permeated through a lot of industries.”
Elizabeth Elkind of Fox Business contributed to this report.