New York City Mayor-Elect Eric Adams said today that he plans to take his first three mayoral paychecks in Bitcoin.
Adams announced his intention in a tweeted reply to Miami Mayor Francis Suarez. Suarez has taken significant steps to incorporate crypto into his administration, including implementing the use of the CityCoins protocol in Miami. He tweeted that he planned to take his next paycheck in “100% bitcoin.”
Adams, not to be outdone, replied he would take his first three paychecks in the cryptocurrency.
“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!” he said in a tweet.
In his post-election interview with Bloomberg, Adams committed to making the city “crypto-friendly.” This could mean reevaluating high barriers to entry and regulatory attitudes for businesses in the state. He said he’s examining
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