By Jonathan Levin, includes “Miami Mayor Francis Suarez took over as head of the U.S. Conference of Mayors Monday, pledging to promote innovation and proposing that cities sign on to a ‘crypto compact.’ … Suarez has promoted Bitcoin through such symbolic gestures as taking a paycheck in the cryptocurrency and posting the Bitcoin White Paper on the city’s website, winning accolades from crypto entrepreneurs and attracting high-profile relocations to his city. But his boldest proposal -- investing city funds in Bitcoin -- faltered in front of the city commission. (It turned out it’s illegal to invest municipal funds in such a volatile asset in Florida.)”