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Dear Mayor Adams,

I would like to start by congratulating you on your election as mayor of New York City. As you are a lifelong public servant to the city, I can imagine how this opportunity to serve the community feels.

Eric Adams was just sworn in as the new mayor of New York City. If you are a fan of Bitcoin, you likely heard that he is an ally. Following Miami Mayor Francis Suarez, who has taken a full paycheck in bitcoin, Mayor Adams pledged to take his first three paychecks in bitcoin. Great news for New York crypto enthusiasts, right? Well, New York’s red tape prevents him from accepting that salary directly in bitcoin. Sadly, more than anything, his good intention showcases the Empire State’s many regressive policies towards cryptocurrency.

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Blockchain Beat

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