New York Mayor Criticizes Former Governor's Crypto Policies

According to PANews, New York City Mayor Eric Adams criticized former Governor Andrew Cuomo's digital asset policies as 'wrong and misleading' during the Permissionless conference in Brooklyn. Adams claimed that Cuomo's tenure 'destroyed the state's crypto industry.' In response, Adams announced the formation of a municipal committee to advance crypto policies and establish channels for using cryptocurrency to pay for city services. He also plans to introduce digital asset education courses in schools. Mayor Adams, who previously received his salary in Bitcoin, stated that he still holds Bitcoin and continues to promote a Bitcoin municipal bond initiative. The announcement coincided with the Democratic primary election, where Cuomo, embroiled in a sex scandal, leads in the polls. Adams is running for re-election as an independent candidate and may face Curtis Sliwa, a Republican opponent who advocated for crypto policies in 2021. Additionally, Adams is currently facing corruption allegations related to receiving illegal political donations.