NYC Mayor-elect Adams Requests Bitcoin Payments

Deyan G.
Deyan G.

Updated · Feb 21, 2022

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Newly minted New York City Mayor-elect, Eric Adams, has tweeted his preference to receive Bitcoin as his first three payments as mayor. Yesterday’s announcement strongly supports Adams’ pro-business platform and desire to make the Big Apple into America’s premier crypto hub. 

Beat to the Punch 

This declaration for three payments is seen as a direct response to a January tweet by Miami Mayor Francis Suarez - stating he wanted, upon reelection, his first payment to be in Bitcoin.   

Upping the Ante

In what has become a friendly rivalry, Adams seems to be goading on his Miami counterpart over which city will attract top industry talent and dominate the US crypto market. “NYC is going to be the center of the cryptocurrency industry,” Adams declared. 

Head Start

Mayor Suarez helped initiate MiamiCoin, an altcoin operated by the nonprofit CityCoins organization. Through this innovative crypto-private-public partnership, Miami receives 30% of the currency’s value with $7m having been added to the city’s coffers since its August inception, as reported by the Washington Post. Adams has subsequently announced his intentions to launch a similar NYC coin. 

Local Concerns

While Mayor-elect Adams’ intentions are generally supported by the cryptocurrency community, upon his January 1st inauguration he can expect to face a number of challenges. New York State Attorney General Letitia James is a vocal crypto skeptic and recently ordered the closure of two crypto-lending companies. James also recently announced her candidacy for NY governor, potentially upending Adam’s Big Apple crypto dreams. 

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Deyan G.

Deyan G.

Techjury.net's manager. Deyan has been fascinated by technology his whole life. From the first Tetris game all the way to Falcon Heavy. Working for TechJury is like a dream come true, combining both his passions – writing and technology. In his free time (which is pretty scarce, thanks to his three kids), Deyan enjoys traveling and exploring new places. Always with a few chargers and a couple of gadgets in the backpack. He makes mean dizzying Island Paradise cocktails too.

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