https://www.vice.com/en_us/article/y3vg4y/miami-mayor-wants-to-give-residents-free-bitcoin-become-tax-free-city

In a Thursday interview with CoinDeskTV, Miami Mayor Francis Suarez revealed the city's cryptocurrency has earned $21 million in three months. Suarez also shared that the city would be giving a "Bitcoin yield as a dividend" to residents by working with cryptocurrency exchanges to distribute digital wallets.

The interview comes after New York City Mayor Eric Adams declared a “friendly competition” between the two cities as he intends to turn the Big Apple into the hub of all things crypto through as-of-yet announced policies and initiatives. The moves come as the U.S. is turning into a global hub for the cryptocurrency industry after crackdowns in China, with many mining firms setting up shop in deregulated and energy-abundant Texas, for example. At the same time, politicians on all levels are making overtures to the emerging industry even as Congress seeks to capture billions in tax revenue from it with new laws.