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- 📢 Gate Square #TopContentChallenge# is coming! Post high-quality content and win exclusive rewards!
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New York City mayor announces Cryptocurrency plan during Democratic primary voting
Gate News bot message, according to Cointelegraph, New York City Mayor Eric Adams criticized former governor Andrew Cuomo's digital asset policy as "wrong and misleading" at the Permissionless conference in Brooklyn, saying that he "destroyed the state's encryption industry" during his tenure. Adams announced the establishment of a municipal commission to promote encryption policies, establish channels to support the payment of city services with cryptocurrency, and also plans to introduce digital asset education courses in schools.
The mayor, who once received Bitcoin as salary, said he still holds Bitcoin and continues to promote the Bitcoin municipal bond program. On the day of the Democratic primary election, Cuomo, embroiled in a sex scandal, leads in the polls. Adams is seeking reelection as an independent candidate, or will once again face off against Curtis Sliwa, the Republican opponent who advocated encryption policies in 2021. In addition, Adams is facing corruption charges for accepting illegal political donations.