Make Miami the 'crypto capital of the world' and use MiamiCoin revenue to potentially eliminate city taxes.
What was promised
What actually happened
MiamiCoin lost 99% of its value. The only crypto exchange supporting MiamiCoin suspended trading in 2023. While the city initially received about $5 million, the promise of $60 million/year in ongoing revenue and replacing city taxes was never realistic. Suarez was the first mayor to accept his salary in bitcoin but his constituents who invested in MiamiCoin suffered significant losses.
Data sources: Truthout, Fox Business, New Times Miami
Verdict: Broken
This promise was clearly not met. The target was missed by a significant margin or the commitment was abandoned.
Other promises from Miami
Invest $400 million through the Miami Forever Bond to build infrastructure resilient to sea-level rise, including raised roads, stormwater pumps, and seawalls.
Partially KeptTurn Miami into a major tech hub by personally recruiting tech companies and founders, with the viral 'How can I help?' Twitter campaign.
Partially Kept