New York Stock Exchange President Stacey Cunningham on todays markets, the reopening economy, cryptocurrencies and potential higher taxes under the Biden administration.<\/p>\n
Miami is hosting the largest-ever cryptocurrency conference this week in a sign that what was once dismissed as a passing fad is now going mainstream.<\/p>\n
The conference, which runs from June 3 to June 5 at the Mana Convention Center in Miamis Wynwood neighborhood, brings a host of reputable attendees including Twitter CEO Jack Dorsey and Miami Mayor Francis Suarez, who has said he wants to make the city a crypto hub.<\/p>\n
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The conference was originally scheduled to run from April 30 to May 1 in Los Angeles but was changed to Miami amid concerns of Californias strict COVID-19 policies. The date was also changed back to allow time for the second wave of the virus to pass and allow vaccines to roll out.<\/p>\n
BITCOIN CONTENDS WITH BIGGEST MONTHLY DROP ON RECORD<\/p>\n
Conference organizers expect upwards of 50,000 attendees.<\/p>\n
Though still small compared to its west coast counterparts, Miami has emerged as a major tech hub in recent years. The Wynwood neighborhood, in particular, has become a hub for arts, technology, and innovation.<\/p>\n
Mayor Suarez told Fox Business in January he is looking into allowing citizens to pay taxes and fees to the city in bitcoin.<\/p>\n
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\"We want to be one of the most crypto-forward and technological cities in the country,\" he said. \"So we're looking at creating a regulatory framework that makes us the easiest place in the United States to do business if you're doing it in cryptocurrencies.\"<\/p>\n
Fox Business Catie Perry contributed to this report.<\/p>\n
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