NYC: Adams defends intent to receive first three paychecks in Bitcoin

Source: Axios

“Eric Adams, the newly elected mayor of New York City, told CNN’s ‘State of the Union’ Sunday that his plan to receive his first several paychecks in bitcoin is intended to encourage New York to become a ‘center of innovation.’ Last week Adams, tweeted that he would take his first three paychecks as mayor in the form of bitcoin, adding that New York City ‘is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries!’ Adams later told reporters that exploring the option of bitcoin payments could lead to giving New Yorkers a ‘a choice of how they want to receive their paychecks,’ according to Bloomberg.” (11/07/21)