New York Metropolis Mayor Eric Adams criticized Democratic mayoral candidate and former Governor Andrew Cuomo as residents ready to vote within the celebration’s main election.
Talking on the Permissionless convention in Brooklyn on Tuesday, Adams said that below Cuomo’s governorship, New York State “dismantled and destroyed the trade,” describing the previous governor’s actions as “flawed” and “misguided” on digital property.
The mayor, operating for reelection as an unbiased candidate, mentioned he deliberate to arrange a metropolis council to advocate for crypto insurance policies in state authorities, and “construct out the pipeline” to pay for metropolis providers utilizing crypto and by introducing digital asset training in colleges.
“I feel within the first 120 days, the variety of payments that went by way of the federal stage to cope with this difficulty is extraordinarily spectacular,” mentioned Adams, doubtless referring to the Congress shifting ahead on laws to control cost stablecoins and crypto market construction. “And now you’re seeing cities selecting up, and states selecting up the identical vitality.”
The mayor’s remarks got here as Cuomo faces off in opposition to different Democratic candidates in what is anticipated to be a contentious main on Tuesday. The previous governor confronted allegations of sexual misconduct whereas in workplace and resigned in 2021 amid an impeachment investigation. Nevertheless, a number of polls showed Cuomo main by double digits forward of the subsequent frontrunner, Democratic candidate Zohran Mamdani.
‘Professional-crypto’ mayor below scrutiny
Adams, recognized within the crypto trade for saying that he deliberate to simply accept his first three paychecks in Bitcoin (BTC) because the mayor of New York Metropolis, mentioned he was nonetheless holding the funds. He’ll doubtless face off in opposition to Republican candidate Curtis Sliwa — who additionally ran on crypto policies in a 2021 race in opposition to Adams — the winners of the Democratic main, and others in November.
Along with the council and education-focused insurance policies, Adams has been pushing for New York Metropolis to determine a Bitcoin-backed municipal bond. Comptroller Brad Lander known as the proposed plan “legally doubtful and fiscally irresponsible,” however the mayor instructed at Permissionless that he was exploring a approach to “circumvent” the opposition.
Associated: NYC Comptroller rejects Mayor Adams’ proposal for Bitcoin-backed bonds
The mayor has had his own legal challenges whereas in workplace. He had been going through corruption prices over alleged unlawful donations from the Turkish authorities. Justice Division officers appointed by US President Donald Trump stepped in and directed local authorities to intervene, leading to resignations and allegations of politically motivated actions.
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