New York City Mayor Eric Adams publicly criticized Andrew Cuomo's track record in the crypto industry while outlining his vision for a crypto-forward city.
Criticism of Cuomo's Crypto Policies
At the Permissionless conference in Brooklyn, Adams stated that Cuomo "dismantled and destroyed the industry" during his time in office, describing Cuomo's approach as "wrong" and "misguided."
Adams' Initiatives for Crypto in NYC
Adams announced plans to create a dedicated city council that would advocate for pro-crypto policies in Albany. He proposed integrating cryptocurrency into city operations and paying for municipal services using digital assets, confirming he still holds his first mayoral paychecks received in Bitcoin.
Political and Legal Context of NYC Elections
Adams' remarks coincided with Cuomo's entry into a competitive Democratic primary. Despite past controversies leading to his resignation, polls indicate Cuomo remains a frontrunner. Adams also faces scrutiny regarding alleged illegal campaign donations, adding to the election's tension.
As the NYC elections approach, tensions mount around Andrew Cuomo's campaign and Eric Adams' crypto initiatives, shaping the future of the city's digital economy.
