The New York mayoral candidate wants to make the city a Bitcoin hub. Eric Adams from the Democratic party, who wants to be mayor of NY, seems to have been inspired by Andrew Yang. He promised to make NYC the center of Bitcoin within a year of being elected.
Adams has pledged to take the crown from Miami, seen as a hotspot for crypto companies and businesses, to make NYC the next Bitcoin hub.
Adams said, “I promise you, in a year […] you will see a different city. […]. We will be the center of life science, the center of cybersecurity, the center of self-driving cars, drones, bitcoin, we will be the center of all technology.” he promised to choose.
Andrew Yang withdrew his candidacy a few days ago after garnering the lowest percentage of votes among democratic candidates. Young was running his Presidential campaign on the same theme and was an advocate for crypto. Adams’ pledge to make the city a Bitcoin hub could help bring crypto adoption into the mainstream.
New York May Become Bitcoin Center After China Crisis
The New York City Council rejected a bill last month calling for the cessation of Bitcoin mining operations in the city. NYC, along with Texas and several other states, could become a major target following the recent crackdown on Bitcoin mining in China. The Miami mayor is already trying to pass legislation to lure crypto miners and make Bitcoin more mainstream in the city.
A Mayor with Bitcoin as an election promise could prove to be a win-win situation for the city as well as the crypto community.