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New York City mayor-elect says he'll take his first three paychecks in Bitcoin:
Spurred by a tweet from the mayor of Miami, New York City Mayor-elect Eric Adams told followers Thursday that he plans to take his first three mayoral paychecks in Bitcoin.
"NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries," Adams tweeted. "Just wait!
It's a high-profile embrace of digital currency at a time when regulators in the US, including in New York City, are heightening scrutiny of cryptocurrency exchanges. Last month, New York state Attorney General Letitia James asked two lending platforms to cease activities after winning a court order forcing the closure of the cryptocurrency exchange Coinseed.
NYC Mayor-elect vows to take first salary payments in Bitcoin:
“NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries,” he said on Twitter on Thursday.
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!
— Eric Adams (@ericadamsfornyc) November 4, 2021
Adams, a Democrat, has said he wanted to turn New York into a crypto-friendly city and that he wants to explore a NYC Coin similar to Miami’s. In an interview on Bloomberg Radio after being elected mayor on Nov. 2, he wagered a “friendly competition” with the mayor of Miami, who was the first to set up a so-called CityCoin cryptocurrency.
(Score: 2) by Phoenix666 on Saturday November 06 2021, @06:46PM
That is true, but it is not an uninterrupted history. Giuliani cleaned up crime in the city, despite being a humorless schmuck. Bloomberg ran the city well, despite being a patrician who didn't like it when the plebs embarrassed him.
Eliot Spitzer did a good job tackling excess on Wall Street before he flamed out with the escort service. Preet Bharara did a decent job filling those shoes before Trump fired him.
NYC is a city of fiefdoms and rampant corruption that is primarily run by organized crime syndicates like Goldman Sachs and various real estate moguls.
Washington DC delenda est.