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New mayor of New York city gets first three months bitcoin salary



Eric Adams pledges to make NY the most crypto-friendly city in US



05.Nov.21 9:23 AM
By Abigail Richards
Photo NYC D

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New mayor of New York city gets first three months bitcoin salary
The newly elected mayor of New York, Eric Adams, said yesterday that he intends to receive his first three salaries in Bitcoin.

Adams announced his intention on Twitter in a response to Mayor of Miami, Francis Suarez. Suarez has taken important steps to integrate crypto into the fortunes of his city, including the introduction of the use of the CityCoins protocol in Miami. He tweeted that he was planning to receive his next salary in “100% bitcoin”.

In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait! — Eric Adams (@ericadamsfornyc)

Adams, in order not to stay behind, replied that he would take his first three paychecks in the cryptocurrency.

‘In New York we always go big, so I'm going to receive my first three salaries in Bitcoin when I become mayor. NYC will be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait and see!’

In an interview with Bloomberg shortly after the elections, the Democrat promised to make New York "crypto-friendly". This could mean that the high thresholds and rigid attitude of regulatory authorities towards companies in the state need to be reviewed. He said he is researching 'what is preventing the growth of Bitcoin and cryptocurrency’ in New York.

Adams also told Bloomberg that he intended to have a sense of "friendly competition" between himself and the mayor of Miami when it comes to crypto policy.

He also said that his staff investigated the implementation of the CityCoins protocol in New York. Suarez is optimistic about the future of the project in Miami and estimates that it could earn the city 60 million dollars within a year.

Mayor Eric Adams starts his new job on January 1, and he faces some major challenges. For example, the difficult economic recovery caused by the pandemic has led to increased inequality among New Yorkers and many residents are concerned about rising crime rates.

61-year-old Adams said during his campaign that he will focus mainly on the interests of people of color and the middle class, two groups from which he receives a lot of support. With his decision to accept bitcoin as a salary, he will most likely also get a large number of bitcoiners behind him.



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