Wednesday, May 25, 2022
Home Crypto News Market Newly Elected New York's Mayor, Eric Adams Will Take His First Three...

Newly Elected New York’s Mayor, Eric Adams Will Take His First Three Paychecks In Bitcoin

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Democrat Eric Adams, who was elected as the 110th Mayor of New York City earlier this week, has announced that he’ll receive his first three paychecks in bitcoin.


 

Shortly after the election, Adams promised in an interview with Bloomberg to make New York a cryptocurrency-friendly city.

He said that Miami is doing great with MiamiCoin, We’ll watch it closely to see if we can make it happen.

In his post-election interview with Bloomberg, Adams pledged to make the city crypto-friendly. That could mean reevaluating hurdles to entry and the strict regulations for businesses that operate in New York. He stated that he was looking into what hinders the growth of cryptocurrency and Bitcoin in New York.

Adams also stated to Bloomberg that he was looking to create a friendly competition between himself and the Mayor of Miami in relation to crypto-friendly policies. He said that his staff is researching the possibility of implementing the CityCoins protocol in New York.

In Miami, Suarez is confident about the Miami coin and believes that it will earn the city around 60 million dollars in the next year.

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Albert Brownhttps://thecryptobasic.com/
Albert Brown is a cryptocurrency investor and journalist who has been in the nascent space since 2017. His love and passion for technological innovations made him delve deeper into the world of blockchain and cryptocurrencies. As a journalist, Brown has written on several crypto-related topics that have been referenced by popular industry players like Tyler Winklevoss, Binance CZ, etc.

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