The year is 2021, Bitcoin is hitting all-time highs, and Miami is building excitement around the growing crypto space as its mayor, Francis X. Suarez, even directs the city to make its own crypto token, MiamiCoin.
Fast forward to 2023 and the landscape seems to spell more dread than elation. As FTX’s downfall unfolds, crypto is driving bankruptcy work at law firms while companies in the space are looking to move operations abroad. And Miami’s promised crypto utopia hits a pause.
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