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Eric Adams Wins NY Mayoral Election, and Promises to Make the Municipality Crypto-friendly

Eric Adams was elected to be New York’s second-black mayor. He outpaced Curtis Sliwa, a Republican, in the mayoral race. Eric Adams garnered a 72.8% majority win on Tuesday to become the next mayor of New York. Adams campaign was focused on fighting crime and promoting a business-friendly environment. However, he also had positive views…

Eric Adams was elected to be New York’s second-black mayor. He outpaced Curtis Sliwa, a Republican, in the mayoral race.

Eric Adams garnered a 72.8% majority win on Tuesday to become the next mayor of New York. Adams campaign was focused on fighting crime and promoting a business-friendly environment. However, he also had positive views about cryptocurrencies. He promised to make New York City a Bitcoin capital if he was elected after securing the Democratic Party ticket.

” I’m going to make a promise: Within one year, you’ll see a completely different city. […] We will be the centre for life science, cybersecurity, self-driving cars and drones, as well as the centre for Bitcoins. We’re going to be the canter of all the technology,” Adams pledged.

The new Mayor referred to Miami Mayor Francis Suarez’s MiamiCoin in a Bloomberg radio interview on Wednesday. He said that it is “doing very good”. Adams stated that he would “look in the direction to accomplish that.” He also mentioned that he was going to investigate the obstacles to Bitcoin and other cryptocurrency growth in the city in accordance with his desire to make it a more business-friendly place.

We’re too bureaucratic, too expensive, and too difficult to do business. They go to businesses looking for ways of penalizing or fining them. We’re changing that atmosphere altogether; we’re going to become a business-friendly city.”

Miami’s Francis Suarez is one of the most progressive politicians in cryptocurrency. His South Florida municipality was the first in the US to allow residents to send contributions via CityCoins (or MiamiCoin) starting in September. CityCoins is an open source protocol that allows users to mint and invest city tokens. The protocol allows users to mint tokens and earn a percentage. The rest goes to the city. In Miami’s case, users get 70% while the city holds onto the remaining proportion.

The initiative was a success. By the end of the month, officials had confirmed that the city had received $7.1 million. Further, Suarez said he sees Miami gaining up to a tune of $60 million, which is money he says will be used to tackle societal issues.

Adams was elected to the New York Police Department as 2006, and became a NY senator in 2007.. Six years later, he was elected Borough President of Brooklyn. This area has seen an estimated 356% rise in the number of tech startups in the past ten years. His latest win could well be a new awakening for crypto when he takes office as the mayor of America’s largest city on 01 January.

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