Eric Adams

Eric Adams – the crypto-bullish mayor of New York City – stands against the proposed bill to ban carbon-based Bitcoin mining across the state. In a recent interview, he revealed plans to speak with Governor Kathy Hochul to encourage her to veto the bill. Reversing His Position? Speaking with the New York business paper Crain’s on Monday, the mayor claimed that the proposed ban could interfere with mining upstate. Considering that billions of dollars go into crypto already, he doesn’t…

Eric Adams – Mayor of New York City – is undoubtedly bullish on crypto. Yet when it comes to crypto mining, he appears to be towing the party line. In a joint session on Wednesday, the newly elected Democrat said he doesn’t support cryptocurrency mining. Though environmentalists appear pleased with his remarks, they may damage the mayor’s campaign to attract the crypto industry to NYC. ‘Crypto’, Not ‘Mining’ According to the New York Post, the mayor has chosen to side…

Eric Adams is already proving successful on his promise to make New York City a cryptocurrency hub. CityCoins – a community-led project built on Stacks – has chosen to develop a new crypto token to support New York City. This is the second city-based token the community has built following Miamicoin. Introducing NYCCoin CityCoins community leader – Patrick Stanley – discussed the news in a recent telephone interview with Bloomberg. He said that CityCoins had been deliberating whether to launch…