The ballooning popularity of Bitcoin and other digital currencies has given rise to a strange new political breed: the crypto mayor.
Jackson Mayor Scott Conger in Jackson, Tenn. on Jan. 14, 2022, with a decorative box that conceals the safe where he stores his personal Bitcoin wallet.
Eric Adams, New York’s new mayor, accepted his first paycheck in Bitcoin and another cryptocurrency, Ether. Francis Suarez, Miami’s mayor, headlines crypto conferences. Now even mayors of smaller towns are trying to incorporate crypto into municipal government, courting startups and experimenting with buzzy new technologies like nonfungible tokens, or NFTs, to raise money for public projects.
In Jackson, Conger has become a frequent guest on crypto podcasts, where he is hailed as a leader in “the army of Satoshi,” a reference to Bitcoin’s shadowy founder, Satoshi Nakamoto. A broad-shouldered former college football player, Conger sometimes goes to work wearing socks emblazoned with tiny orange Bitcoins.
“Every time I would talk about crypto, my analytics would go through the roof,” Suarez, 44, said in an interview. “The analytics went crazy.” Suarez’s vice chair at the Conference of Mayors is a fellow crypto enthusiast, Hillary Schieve, who’s in her second term as the mayor of Reno, Nevada. Last year, she announced plans to turn a popular whale sculpture in downtown Reno into an NFT, a unique digital item that can be traded by crypto investors. The goal, Schieve said, was to funnel the profits into Reno’s arts scene.
“Improving the quality of property-data management inside city government is like the white whale that I’ve been trying to catch,” he said.
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