Eric Adams wins mayor of New York, will he fulfill his promise to turn the city into a Bitcoin hub? – DiarioBitcoin

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Eric Adams wins mayor of New York, will he fulfill his promise to turn the city into a Bitcoin hub? - DiarioBitcoin By Hannah perez

Adams, who had promised to turn New York into a Bitcoin hub during his political campaign, will be the second African-American mayor in the history of the Big Apple.


New York has just elected a new mayor and it is about a politicianBitcoin.

Eric Adams, a Democrat and former New York Police Captain, has been elected to the Mayor of New York by defeating Republican Curtis Silwa. The 61-year-old Adams won the vote of a majority of New Yorkers after being victorious in the primaries that were held in the middle of this year.

Former NYPD cop and Brooklyn Borough President will become the second black mayor of the nation’s most populous city. David Dinkins, who served from 1990 to 1993, was the first. Adams, who will take office on January 2, replacing current Mayor Bill de Blasio, he will now have the difficult task of running a city hit by the pandemic crisis.

Tonight, New York has chosen one of you, one of ours. I am you. I am you. After years of prayer, hope, struggle and work, we headed to the City HallAdams told his supporters at the victory party in Brooklyn on Tuesday after the initial results were released, as quoted Associated Press.

New York elects a pro-Bitcoin mayor

The Democrat has made several promises for his leadership in the city, including implementing policies that reflect the needs of working-class and middle-class residents of the Big Apple. But beyond this, Adams had also spoken out in favor of driving the adoption of digital currencies in the city.

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In one of his speeches during the June primary celebration, the politician promised to make New York a hub for Bitcoin As reported DailyBitcoin At the time, Adams had commented:

I promise you, in a year […] you are going to see a different city. […]. We will become the center of life sciences, the center of cybersecurity, the center of autonomous cars, drones, the center of Bitcoin, we are going to be the center of all technology.

Furthermore, referring to the notoriously pro-crypto mayor of Miami, Francis Suárez, Adams said at the time: “Miami, you had your career. We are recovering our business“.

Following Adams’s victory, members of the digital currency community are wondering if the politician will indeed keep the promises he made during his successful campaign. It is not the first time that a candidate for mayor of New York promises something similar.

Former US presidential candidate and crypto enthusiast Andrew Yang, who also ran for mayor of New York in 2021 but later withdrew his candidacy, had voiced similar intentions. “As mayor of New York, the financial capital of the world, I would invest in making the city a hub for Bitcoin and other cryptocurrencies,” had written Yang on a tweet in February.

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Will it deliver on its promise on crypto?

Although Adams has not been as strong a defender as Yang, the Democrat has spoken out in favor of cryptocurrencies before. In 2015 he had manifested his intention to make Brooklyn a county open to disruptive technology, and had mentioned Bitcoin in one of his speeches. A very similar plan to the one he drew up in his speech for his campaign this year.

The new mayor of the Big Apple has yet to elaborate on how he plans to turn the city into a tech hub. His last speech has undoubtedly occurred at a time of greater acceptance of Bitcoin, compared to the crypto outlook for 2015. His statements this year could be interpreted as a sign of the attention that more and more politicians and businessmen in the US are giving to the industry.

On the other hand, the discourse on Bitcoin As an engine for New York innovation and growth it also comes at a time when the city’s economy has been widely affected by the pandemic. The tourism industry remains depressed and many New Yorkers still do not return to work in person.

However, as elaborated by David Morris for an opinion piece by CoinDesk, a plan to boost the crypto industry and make New York a hub Bitcoin Further reforms to local rules will be required, including an extensive revision of the BitLicense, a crypto regulation that has largely kept companies in the sector away from settling and providing services in the city.

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Sources: APNews, The country, CoinDesk, file

Hannah Estefanía Pérez’s version / DailyBitcoin

Image from Unsplash

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