Democrat Eric Adams has been elected New York City mayor. However his next task, steering a damaged city through its recovery from the coronavirus pandemic and restoring the business community back to profitability is going to be far more difficult.
Adams, a former New York City police captain and the Brooklyn borough president, is the second Black mayor of the nation’s most populous city. David Dinkins, who served from 1990 to 1993, was the first.
Today Adams announced that he would take his first three paychecks in Bitcoin when he takes over City Hall in January.“NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries,” he said on Twitter on Thursday.
Adams, a Democrat, has said he wanted to turn New York into a crypto-friendly city and that he wants to explore a NYC Coin similar to Miami’s. In an interview on Bloomberg Radio after being elected mayor on Nov. 2, he wagered a “friendly competition” with the mayor of Miami, who was the first to set up a so-called CityCoin cryptocurrency.
“He has a MiamiCoin that is doing very well we’re going to look in the direction to carry that out,” Adams said in a Wednesday interview on Bloomberg Radio. He vowed to “look at what’s preventing the growth of Bitcoin and cryptocurrency in our city.”
