Eric Adams, the Democratic front-runner for mayor of New York City, He said Today, after voting closed for the primaries, he said he would turn the city into a bitcoin hub within one year.
“I promise, in one year’s time… you’ll see a different city,” Adams said in his election night address. “We will become a center for life sciences, a center for cybersecurity, a center for self-driving cars, a drone, a center for bitcoin, and we will be the center of all technology.”
to me New York timesAdams is currently leading the New York City mayoral race with about 32% of the vote. But it is possible that the results of the primary elections will not even be known in the middle of july, when it is expected to be announced.
Former presidential candidate Andrew Yang is a longtime Bitcoin fan Similar promisesHe was second in the standings before deciding to retire earlier this week. right Now, New York times Data suggests that Adams’ closest competitor is Maya Wiley, who is behind by 75,000 votes.
Adams did not explain how he plans to achieve his ambitious goal of turning New York City into a bitcoin hub, but he did send a message to his main rival in this regard – Miami Mayor Francis Suarez.
“Miami, it worked. We’re taking our business back,” Adams said.
But the mayoral candidate could face stiff competition, as Miami has already begun taking concrete measures to bring bitcoin to a citywide adoption level.
Suarez set a personal goal for him He turned his tropical city into a skilled Bitcoin economy Before 2022. Mayor of Miami, who buy bitcoin He himself after US President Joe Biden announced a $1.9 trillion stimulus bill, has already seen the city commission explore Pay city employees in bitcoinAnd the Allowing residents to pay taxes and fees in Bitcoin And use city money to invest in bitcoin. Furthermore, Suarez recently sought to Attracting Bitcoin miners to his city.
On the other hand, New York legislation may pose difficulties for Adams to beat Miami and turn his city into a bitcoin hub. The infamous BitLicense, a business license for bitcoin activities issued by the New York State Department of Financial Services, entails heavy costs for those who wish to operate in the state. Aside from the $5,000 application fee, a Report It is calculated that collecting and building all of the information for the application process can amount to more than $100,000. In addition, BitLicense’s broad requirements impose a privacy concern for many in the bitcoin industry, who see them as intrusive and unfairly targeting bitcoin startups. For example, the notable Lightning Network startup Strike – which is Help El Salvador Bitcoin creation as legal tender Not working in New York.