What can Eric Adams do? The limits of turning New York City into a crypto hub
Despite the limitations of his office, the mayor-elect of New York could leverage his agenda-setting power to the benefit of both crypto and city residents. Despite his actual term at the helm of the New York City government kicking off some 1.5 months from now, Eric Adams, the city’s mayor-elect, has already started governing by publicity. Making the Empire City more business and tech-friendly is a centerpiece of Adams’ vocally projected agenda, and — much to the crypto community’s delight — the incoming mayor has made a point to repeatedly declare his support for all things Bitcoin....
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New York City Mayor-elect Eric Adams says that he will take his first three paychecks in bitcoin. He has also promised to make NYC the center of crypto. “NYC it’s going to be the center of the cryptocurrency industry and other fast-growing innovative industries,” he said.
Eric Adams’ Bitcoin and Crypto Promises
New York City Mayor-elect Eric Adams said he wants to turn NYC into a crypto-friendly city and will also take his first three paychecks in bitcoin.
Replying to a tweet made by Miami Mayor Francis Saurez that he will take 100% of his....
Adams beat out Republican Curtis Sliwa — also a pro-crypto candidate — to become the next mayor of New York City with 72.8% of the vote. Democrat Eric Adams, who said he planned to make New York City “the center of Bitcoins” if elected mayor, has won his race against Republican Curtis Sliwa.Following the Nov. 2 Election Day results, Adams will be replacing Bill de Blasio as the mayor of New York City, defeating Sliwa and other candidates with 72.8% of the vote. He is expected to take office on Jan. 1.It's official -- our five-borough, knock-every-door, reach-every-voter campaign was....
Should Eric Adams accept his first three paychecks in Bitcoin, he would likely acquire more than 1 BTC following the price drop to $42,948. Newly sworn-in New York City Mayor Eric Adams is already using his influence to speak publicly about buying the recent Bitcoin dip.In a Thursday interview with CNBC’s Squawk Box, Adams said he had not yet received his first paycheck as the mayor of New York City, but reiterated his aim to make the city a Bitcoin (BTC) and crypto hub. When co-anchor Andrew Ross Sorkin pointed out that the price of the crypto asset has “come down” — dipping as low as....
New York Mayor-Elect Eric Adams recently won the mayoral race for the city. On November 3rd, Adams became the second black man to be elected as mayor in the city of New York. The win was momentous in itself but Adams’s comments and stance on cryptocurrencies, bitcoin, in particular, have been what has pushed him into the limelight in recent days. The mayor-elect had made the news days after his election when he said that he planned to receive his first three paychecks in bitcoin. This was in response to Miami’s Mayor Francis Suarez’s comment that he was going to receive a paycheck in....
“We're glad to welcome you to the global home of Web3!” said crypto-friendly Mayor-elect Eric Adams in response to CityCoins' roll out of the NYCCoin this week. The NYCCoin is set to launch on Nov. 11 with the community-led proposal endorsed by New York City’s Mayor-elect Eric Adams. The NY-focused cryptocurrency is being launched by CityCoins, the same firm that provides the MiamiCoin. The project utilizes the Stacks Protocol built atop of the Bitcoin blockchain to enable smart contracts and issue its coins. CityCoins tweeted on Nov. 9 that it was activating NYCCoin mining this week after....