Eric Adams, the Mayor-Elect for New York City to Accept First Three Paychecks In Bitcoin
Lawmakers and politicians in the United States are getting increasingly familiar to the world’s largest cryptocurrency Bitcoin (BTC). The newly elected incoming mayor of New York City Eric Adams has set the tone going in favour of Bitcoin and cryptocurrencies in general.
The mayor-elect has set a crypto-friendly tone and vowed to make New York a hub for cryptocurrencies. Taking an even more bold step, On Thursday, November 4, Eric Adams announced that he will be accepting his first three pay checks in Bitcoin (BTC).
This happened as the Mayor of the Miami City announced that he will be taking his next paycheck 100% in BTC. Setting up a healthier competition in this regard, Eric Adams has decided to take a bolder bet.
Responding to Suarez, the New York City mayor-elect tweeted: “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 has been straight forward in his support to crypto the ongoing revolution and praised Miami’s mayor for his key crypto initiatives. Adams also vowed to “look at what’s preventing the growth of Bitcoin and cryptocurrency in our city.”
Speaking of the Miami Mayor launching the MiamiCoin earlier this year, Adams noted: “He has a MiamiCoin that is doing very well—we’re going to look in the direction to carry that out”.
The mayor-elect also noted that they would be taking some initiatives to nurture the talent pool that can cater to the growing number of crypto jobs. In his interview with Bloomberg, Adams noted: “I’m going to promise you in one year, you’re going to see a different city. We’re going to bring businesses here. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars and drones, the center of bitcoins, the center of all the technology”.
Eric Adams have just set the growing list of politicians who have taken a crypto-friendly approach. On the other hand, Miami has really accelerated its development in the crypto space and aims to create an ecosystem for cryptocurrency miners.
On the other hand, Wyoming’s Republican Senator Cynthia Lummis has been bullish about BTC. During one of her recent interviews to CNBC, Lummis said: “I do think that Bitcoin is here to stay, and I do think that a lot of others are not. The fact that Bitcoin is fully decentralized, and that some of these others were issued by a person or an entity that kept a large block of the coin for themselves and then issued others to participate, means they look more like a security than a commodity. Bitcoin is clearly a commodity…Bitcoin is the standard. It is digital gold”.
Earlier this week, two U.S. Congressmen also proposed the U.S. SEC Chairman to approve a spot Bitcoin ETF.