Pro-virtual-asset New York Mayor Eric Adams Withdraws from Re-election Bid... Cites Financial Hardship and Media Pressure
Summary
- New York Mayor Eric Adams reportedly abandoned his re-election bid despite pursuing virtual asset-friendly policies.
- Mayor Adams cited the suspension of campaign funding and media pressure as the main reasons for his withdrawal.
- He is described as a figure who pursued receiving salary in Bitcoin and policies friendly to the blockchain·Web3 industries.
New York Mayor Eric Adams has abandoned his bid for re-election. Eric Adams is friendly toward virtual assets (cryptocurrency).
On the 29th (Korea time), according to crypto-focused media outlet The Block, Mayor Adams announced via X (formerly Twitter), "The decision of the campaign finance committee cut off millions of dollars in support and the constant pressure from the media made fundraising for the campaign impossible," and declared his withdrawal from the race.
Mayor Adams received his first three paychecks in Bitcoin (BTC) immediately after taking office, and he held New York City's first virtual assets summit, making him a representative pro-virtual-asset figure. At the summit, Mayor Adams also argued for "the repeal of BitLicense regulations," saying, "New York City is open to the blockchain·Web3·fintech industries."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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