NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin

The pro-crypto Adams is seeking to one-up Miami Mayor Francis Suarez, who recently said he’ll be taking his next paycheck in the cryptocurrency.

Nov 5, 2021 at 7:22 p.m. UTC

Updated May 11, 2023 at 5:51 p.m. UTC

NEW YORK, NEW YORK - NOVEMBER 02: New York City Mayor-elect Eric Adams speaks during his election night party at the New York Marriott at the Brooklyn Bridge on November 02, 2021 in the Brooklyn borough of New York City. Democratic candidate Eric Adams, the frontrunner in the mayoral race, defeated Republican candidate Curtis Sliwa to become New York City's 110th mayor and the second African American to hold the office since the late former Mayor David Dinkins. (Photo by Michael M. Santiago/Getty Images)

Incoming New York City Mayor Eric Adams said on Thursday that he will take his first three paychecks in bitcoin when he takes office in January.

“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!” Adams wrote in a tweet on Thursday.
The tweet was in response to one from Miami Mayor Francis Suarez, who on Tuesday pledged to take his next paycheck in bitcoin. Suarez won reelection earlier this week by a wide margin.
Adams, currently the Brooklyn borough president and a retired New York City Police Department captain, was pro-crypto throughout his campaign that culminated with a victory at the polls earlier this week. The support is notable because New York City, despite being a major financial center, has some of the nation’s toughest cryptocurrency rules that require licenses for most types of crypto transactions.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Brandy Betz

Brandy covered crypto-related venture capital deals for CoinDesk.

Follow @BrandyBetz on Twitter

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.