"New York Mayor Eric Adams has announced that he would end his campaign for a second term, saying he could no longer mount a viable run. According to his statement, the withholding of public matching funds and persistent questions about his legal past left the campaign without the money or momentum it needed. Adams will remain in office until January 1, 2026, and his name will still appear on the November 4, 2025, ballot because the deadline to remove it has already passed."
"Reports have disclosed that the city Campaign Finance Board paused matching payments to Adams's bid, a move he said crippled fundraising. He also faces a cloud from an indictment brought in 2024; he has pleaded not guilty. In 2025, the Department of Justice moved to drop the case, an action that drew sharp attention and allegations of political influence by critics."
Eric Adams ended his campaign for a second term, citing lost momentum and resources. The city Campaign Finance Board paused public matching payments to his bid, which the campaign said crippled fundraising. Ongoing legal questions, including a 2024 indictment to which he pleaded not guilty and a 2025 Department of Justice motion to drop the case, undermined donor confidence. Polls showed Adams trailing rivals and donor hesitation reduced funds. Adams will remain mayor until January 1, 2026, and his name will stay on the November 4, 2025 ballot. His crypto initiatives, including a municipal Bitcoin bond and BitLicense changes, face uncertain futures. Zohran Mamdani won the Democratic primary and leads in general election polling.
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