"Outgoing New York City Mayor Eric Adams loves crypto. He created a mayoral Office of Digital Assets and Blockchain, and supposedly had his first three paychecks converted to bitcoin so the city could even pay him in crypto. And in remarks made Monday at what was probably his final press conference as mayor, he indicated that his love affair with crypto is only intensifying."
"Then he got his answer back on track with the following: I want to do my book. I'm going to go back to school. But I also want to use cryptocurrency to go after violence, educate our children, and really deal with antisemitism that we're seeing globally. So I've always wanted to uplift families and children, and I think this is a great opportunity to use technology to do so."
"What does he mean? Is he turning his time machine back to 2021 and starting a DAO to tackle violence, education, and antisemitism? Is he just donating a bunch of crypto to charities related to those causes? Is he creating his own memecoin? For now, I think it's best to assume he was just expressing himself artistically at this press conference, and that the statement was a sort of Etsy-style mood board in spoken word form."
Eric Adams created a mayoral Office of Digital Assets and Blockchain and had his first three paychecks converted to bitcoin so the city could pay him in crypto. At a late press conference he expressed intensified enthusiasm for cryptocurrency and stated plans to use crypto to combat violence, educate children, and address global antisemitism. The specific mechanisms for these goals remain unclear, prompting questions about DAOs, donations, or memecoins. 2025 saw significant crypto lobbying activity, with at least 27 companies filing initial lobbying disclosures by July and Coinbase deploying branded vending machines and distributing promotional items on the National Mall.
Read at gizmodo.com
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