New York City will become a bitcoin center, says city’s mayoral lead Eric Adams

Jun 24, 2021 | The Block News | 0 comments


Eric Adams, the current front-runner in the 2021 New York City mayoral election in the Democratic primary, appears to be pro-crypto.

“I’m going to promise you in one year … you’re going to see a different city,” Adams said during his election night party speech on Monday. “We’re going to bring businesses. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoins.”

Adams aims to turn New York City into a technology center if he wins the mayoral race, which he is currently leading with nearly 32% votes, according to data from the New York Times. The final results are likely to be announced during the week of July 12.

Adams is currently over 75,000 votes ahead of his closest rival, Maya Wiley, according to the New York Times data. While Adams, a retired police officer, didn’t elaborate how he plans to turn New York City into the center of bitcoin, he will be competing against Miami, which is becoming a crypto center, thanks to his bitcoin-friendly Mayor Francis Suarez and low taxes. “Miami, you had your run. We’re bringing our businesses back,” said Adams.

Former Democratic presidential candidate Andrew Yang, a longtime bitcoin proponent, dropped out of the New York City mayoral race earlier this week as preliminary data showed poor results.

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© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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