New York City Mayor Eric Adams is using his influence to speak publicly about buying the recent Bitcoin dip.
Adams stated that he had not yet received his first paycheck as the mayor of New York City, but repeated his aim to make the city a Bitcoin and crypto hub.
Adams, who has been in office five full days following a November election win, is replacing Bill de Blasio as the mayor of New York City. During his campaign, Adams assured to make New York City a tech hub that will be the centre of cybersecurity, the center of self-driving cars, drones, the centre of Bitcoins.
As part of his efforts to promote crypto and blockchain technology or perhaps inspired by a friendly feud with Miami Mayor Francis Suarez Adams announced following the election that he planned to take his first three paychecks in BTC. Assuming the NYC mayor accepts a base salary of $258,750, his monthly paychecks would be roughly $21,562 each, a total of 1.51 BTC at a price of $42,948.
New York state is often the center of media attention related to regulation and enforcement for crypto firms in the United States. The New York Attorney General’s office was responsible for the settlement of the case against Bitfinex and Tether, which in February agreed to pay $18.5 million in damages, and ordered Coinseed to close its doors after the firm allegedly defrauded investors out of more than $1 million.
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