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Mayor-elect Eric Adams has big plans for Crypto in New York City

Democrat Eric Adams has been very vocal about his agenda for crypto in New York City after being announced as mayor-elect last week.

The former Police Captain says he wants to make the big Apple City the “center of the cryptocurrency industry” when he assumes office in January.

“NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!” Eric Adams said in a tweet.

As part of Adams’ blueprint for crypto in New York City, he will receive his salaries as bitcoin in the first few months as Mayor, following the footprints of Miami City Mayor Francis Suarez who requested for his next salary to be paid 100% in bitcoin.

“In New York we always go big, so I’m going to take my first THREE paychecks in bitcoin when I become mayor,” he added.

Crypto in New York

Eric Adams proposed in a separate interview with CNN that cryptocurrency and blockchain technology should be added to the academic curriculum in the state.

“And that’s what we must do — open our schools to teach the technology and teach this new way of thinking.” Adams said, “We are going to look at it, and we are going to tread carefully. We are going to get it right.”

Eric Adams intention to make New York, the most populous city in the United States, a crypto hub is laudable, but he might need to win over the city’s Attorney General Letitia James (who seems to be anti-crypto) first. 

NEXT: Bakkt broadens its Crypto Offering to include Ethereum

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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