In brief
- New York City’s ‘Bitcoin Mayor’ Eric Adams has dropped out of the race for re-election.
- Adams had publicly tied his image to crypto, from Bitcoin paychecks to calls for BitLicense reform, and many other initiatives.
- His withdrawal follows legal troubles and questions about whether crypto can anchor political identity.
Eric Adams, mayor of New York City, ended his reelection campaign Sunday evening after a term marked by both controversy and his stature as one of the country’s most visible crypto-friendly politicians.
Over the course of his tenure, the self-described ‘Bitcoin Mayor’ had made crypto a key component of his public image: from taking paychecks in Bitcoin three years ago, to calling for the removal of the city’s BitLicense requirements, as well as pitching ways to make New York the “crypto capital” of the world. He also supported integrating blockchain technology into city systems from education to record-keeping.
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Author: Vince Dioquino
