New York City mayor-elect says he’ll take his first three paychecks in Bitcoin


New York Metropolis Mayor-elect Eric Adams.

Pablo Monsalve/Getty Photographs

Spurred by a tweet from the mayor of Miami, New York Metropolis Mayor-elect Eric Adams told followers Thursday that he plans to take his first three mayoral paychecks in Bitcoin.

“NYC goes to be the middle of the cryptocurrency business and different fast-growing, progressive industries,” Adams tweeted. “Simply wait!

It is a high-profile embrace of digital foreign money at a time when regulators within the US, together with in New York City, are heightening scrutiny of cryptocurrency exchanges. Final month, New York state Lawyer Normal Letitia James asked two lending platforms to cease activities after profitable a court docket order forcing the closure of the cryptocurrency trade Coinseed.

Nonetheless, Bitcoin could also be on the rise within the Large Apple. On Oct. 19, ProShares, an funding administration agency, launched the Bitcoin Strategy ETF, the primary Bitcoin-linked trade fund to be listed on the New York Inventory Alternate.

The Adams marketing campaign did not instantly reply to a request for extra remark. | New York Metropolis mayor-elect says he’ll take his first three paychecks in Bitcoin


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