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.

AccessTimeIconNov 4, 2021 at 6:40 p.m. UTC
Updated Nov 5, 2021 at 7:22 p.m. UTC

Brandy covers crypto-related venture capital deals for CoinDesk.

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.

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Brandy covers crypto-related venture capital deals for CoinDesk.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.

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