NYC Mayor Lays Out Crypto Plans As Residents Vote In Democratic Primary
New York City Mayor Eric Adams criticized former Governor Andrew Cuomo, stating that Cuomo's governorship harmed the state's industry regarding digital assets. Adams plans to establish a city council to advocate for crypto policies and promote digital asset education in schools. He noted significant legislative progress at the federal level on crypto regulation. Cuomo, facing allegations of sexual misconduct and leading in polls for the Democratic primary, is competing against other candidates, including Zohran Mamdani. Adams, who intends to accept his paychecks in Bitcoin, aims to introduce a Bitcoin-backed municipal bond despite opposition from Comptroller Brad Lander, who deemed the proposal legally dubious. Adams is also dealing with legal challenges related to alleged illegal donations from the Turkish government.
