NYC Mayoral Front Runner Eric Adams Says City Will Become 'Center of Bitcoins'

"We're going to become the center of life science, the center of cybersecurity ... the center of bitcoins," said Adams.

AccessTimeIconJun 24, 2021 at 12:45 a.m. UTC
Updated Aug 21, 2021 at 7:00 p.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

On the eve of New York City's mayoral race on Tuesday, Democratic front runner Eric Adams has given a brief endorsement of the world's largest cryptocurrency.

"I'm going to promise you in one year ... you're going to see a different city," said Adams. "We're going to become the center of life science, the center of cybersecurity, the center of self driving cars, drones, the center of bitcoins."

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • Adams, who leads his party rivals in every borough across the city with the exception of Manhattan, has campaigned on promises to fight the city's crime and promote its economic prosperity. He has managed to unite vast swathes of Black and Latino voters.

    Adams currently holds a lead of 75,000 votes ahead of his closest rival, Maya Wiley, according to a New York Times report on Wednesday.

    Former Democratic presidential candidate Andrew Yang, a longtime bitcoin proponent and cryptocurrency advocate, dropped out of the mayoral race in its earlier stages, acruing only 11.7% of total votes.

    One of Adams' donors is an early crypto investor and former child actor Brock Pierce, who gave $2,000 to the front-runner's campaign in December, public records show. According to the New York City Campaign Finance Board, Pierce has given $10,000 to New York City politicians.

    Brock Pierce's donations to New York city politicians
    Brock Pierce's donations to New York city politicians

    Update (May 24, 21:00 UTC): Added information about Brock Pierce's political donations.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.