Eric Adams vows to take first three paychecks as NYC mayor in Bitcoin

‘NYC is going to be the centre of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!’

Gustaf Kilander
Washington, DC
Thursday 04 November 2021 19:43

Related video: Eric Adams Wins Mayoral Election in New York City

Leer en Español

Eric Adams has vowed to take his first three paychecks as the mayor of New York City in Bitcoin.

Investor Anthony Pompliano tweeted on Tuesday: “It is time. Who is going to be the first American politician to accept their salary in bitcoin?”

Republican Miami Mayor Francis Suarez responded: “I’m going to take my next paycheck 100 per cent in Bitcoin… problem solved!”

“In New York, we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor,” Mr Adams added on Thursday. “NYC is going to be the centre of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!”

“Touché… congrats on the election and I look forward to the friendly competition in making our respective cities a crypto capital!” Mr Suarez replied.

“We literally have politicians competing with each other to adopt bitcoin faster,” Mr Pompliano tweeted on Thursday.

Mr Adams has said that he wants to explore the possibility of launching an NYC Coin similar to MiamiCoin. Mr Suarez was the first to launch a CityCoin cryptocurrency. Mr Adams told Bloomberg Radio after his election win on Tuesday, that he would engage in “friendly competition” with the Miami Republican.

“He has a MiamiCoin that is doing very well – we’re going to look in [that] direction to carry that out,” Mr Adams said and promised to “look at what’s preventing the growth of Bitcoin and cryptocurrency in our city”.

Mr Adams, who will take over the mantle from Mayor Bill de Blasio in January, said that he wants to ensure that there’s space in New York for jobs related to cryptocurrency to grow “because we can’t have a one-sided city where certain groups and areas are doing well”.

The mayor-elect won in a landslide on Tuesday, defeating Republican Curtis Sliwa, to become the city’s second Black mayor. In his campaign, he focused on decreasing crime and creating a city where business can thrive.

When he was asked how New York will retain its tech industry, the former NYPD captain said he would be “doing what I have been doing”. Mr Adams has served as the president of the borough of Brooklyn since 2014. He said the borough has seen an 356 per cent increase in tech startups within a span of 10 years.

“We’re too bureaucratic, too expensive, and too difficult to do business,” Mr Adams told Bloomberg. “Our agencies – they go into businesses and are looking for ways to penalise or fine them. We’re changing that atmosphere altogether.”

“This is the Empire State, and we’re going to build empires,” he added.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in