Key Takeaways:
- NYC Mayor Eric Adams criticized ex-Governor Andrew Cuomo’s anti-crypto stance and proposed new pro-crypto initiatives during the Democratic primary.
- Adams aims to launch crypto payments for city services, education in schools, and a city council to advocate for digital asset policy.
- He is also exploring a Bitcoin-backed municipal bond, despite legal and fiscal concerns from the city comptroller.
New York City Mayor Eric Adams is doubling down on his pro-crypto stance as voters cast ballots in the Democratic primary.
Speaking at the Permissionless conference in Brooklyn, Adams criticized former Governor Andrew Cuomo’s crypto record, accusing him of having “dismantled” the industry during his tenure.
New York City is the world capital of finance, and we’re going to be the world capital of blockchain and crypto too!
— Mayor Eric Adams (@NYCMayor) June 24, 2025
Thank you to the Permissionless IV conference for inviting me to share our vision. pic.twitter.com/ljSAmKD2ul
Adams, running for reelection as an independent, outlined several crypto-focused proposals, including enabling crypto payments for city services, launching a city council to advocate for crypto policy at the state level, and integrating crypto education into public schools.
He also reaffirmed his support for a Bitcoin-backed municipal bond, despite pushback from Comptroller Brad Lander, who labeled it “fiscally irresponsible.”
Adams said he’s looking for ways to bypass such resistance.
He praised recent federal-level crypto legislation efforts and emphasized that cities and states are now gaining momentum on digital asset policy.
Cuomo, who resigned in 2021 amid scandal, is leading the Democratic primary despite past controversies.
Meanwhile, Adams – known for taking his first mayoral paychecks in Bitcoin – faces Republican Curtis Sliwa and others in the November election.
Adams has also faced scrutiny over alleged ties to illegal foreign donations, drawing federal attention and further complicating his reelection bid.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
Check Adam out on: