It was back in 2017 when Donald Trump’s administration had taken over the White House. During the same time, the surge and rally around Bitcoin (BTC) had started building up. Then in 2018, the entire cryptocurrency industry faced a huge slump.
Although countries from all over the world felt the impact of Bitcoin’s plunge, the United States had decided it was not going to sit and watch Bitcoin takeover again and do something similar in the future.
This is the reason why Donald Trump’s administration was not on the same page as the cryptocurrency industry. While the majority of the countries knew exactly what the worth and potential of cryptocurrencies and Bitcoin (BTC) were, the US chose to stay oblivious to it.
This is the reason why there were not many developments or progress made in the adoption of Bitcoin or altcoins during Trump’s administration. Even the general way of conduct from the US administration towards the cryptocurrency industry was negative.
However, as Donald Trump’s administration was replaced by Joe Biden’s administration in January of 2021, things have started changing between the US and the cryptocurrency industry.
As Joe Biden’s administration took over the White House, it was clear that their approach towards cryptocurrencies was at least neutral if not positive.
That is when the administration made it clear for the crypto firms that they want reforms in the country when it came to cryptocurrencies. Although the concerns over the lack of regulatory control were there, yet the country was willing to give them a shot and see how things play out.
Therefore, Francis Suarez, mayor of Miami, Florida took the first step into the government-level adoption of Bitcoin (BTC). He had recently announced that the residents of Miami would be able to receive their salaries in Bitcoin (BTC). Furthermore, the citizens would be able to make payments for the taxes via Bitcoin (BTC) as well.
After Miami, Florida, another city in the United States from Tennessee has gone ahead with a similar move. Jackson, a city in Tennessee has announced that it is looking into the possibilities of adopting Bitcoin (BTC) for mining and for payments.
Scott Conger, the mayor at Jackson has stated that they are currently looking into all the possibilities of adopting Bitcoin (BTC). They want to see if they would be able to adopt Bitcoin (BTC) the same way Miami, Florida has managed to do it.
Conger shared on Wednesday, April 21 that they are currently looking into the possibilities of paying their locals’ salaries in cryptocurrencies. In addition to salaries, they are also interested to know more about the possibilities of mining major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
Conger confirmed that apart from Bitcoin (BTC), they are also looking at currencies such as Ethereum (ETH), and Litecoin (LTC) that they wish to adopt for salary distribution options.