Eric Adams Tries to Use the Crypto Edge Against Zohran Mamdani
The post Eric Adams Tries to Use the Crypto Edge Against Zohran Mamdani appeared on BitcoinEthereumNews.com. New York mayor Eric Adams is raising between $5 and $10 million from the crypto industry in the upcoming mayoral race, and potentially challenge Democratic candidate Zohran Mamdani’s viral popularity. A dedicated Web3 supporter, Adams is casting himself as the industry’s best option in America’s financial capital. The crypto strategy largely helped Donald Trump’s campaign last year, and Eric Adams is seemingly taking the same route. So far, the Democratic Party has seemingly retained an anti-crypto perception, which might have some impact on Zohran Mamdani’s popularity. Crypto Enters the New York Mayoral Election After Zohran Mamdani’s upset win in the New York mayoral primary, the Democratic establishment is scrambling to thwart him in the general election. Several contenders are trying out different strategies to oppose him, but a new report claims that sitting mayor Eric Adams is embracing crypto to cinch a win in November. As a major global finance hub, NYC is a key battleground for crypto regulations. Thanks to the legacy of TradFi’s old opposition to crypto, the city has several hostile policies with lingering negative effects. As mayor, Eric Adams tried to reinvigorate crypto’s position by scrapping BitLicense requirements, but this proved unsuccessful. Nonetheless, Adams has an established track record as a crypto supporter, and he’s leaning on these connections for his bid against Zohran. Adams recently spoke at the Bitcoin 2025 conference in Las Vegas, and Politico published some quotes from the mayor’s and his associates’ speeches. Apparently, some of these have been scrubbed from the official broadcast. “When asked: What is [Adams] going to do for crypto? It’s: What is he not going to do for crypto. You ask him and he says yes. Ok? Literally. We have a lot of catching up to do, [but] with the crypto community’s support, and what I’m being told soft…
The post Eric Adams Tries to Use the Crypto Edge Against Zohran Mamdani appeared on BitcoinEthereumNews.com.
New York mayor Eric Adams is raising between $5 and $10 million from the crypto industry in the upcoming mayoral race, and potentially challenge Democratic candidate Zohran Mamdani’s viral popularity. A dedicated Web3 supporter, Adams is casting himself as the industry’s best option in America’s financial capital. The crypto strategy largely helped Donald Trump’s campaign last year, and Eric Adams is seemingly taking the same route. So far, the Democratic Party has seemingly retained an anti-crypto perception, which might have some impact on Zohran Mamdani’s popularity. Crypto Enters the New York Mayoral Election After Zohran Mamdani’s upset win in the New York mayoral primary, the Democratic establishment is scrambling to thwart him in the general election. Several contenders are trying out different strategies to oppose him, but a new report claims that sitting mayor Eric Adams is embracing crypto to cinch a win in November. As a major global finance hub, NYC is a key battleground for crypto regulations. Thanks to the legacy of TradFi’s old opposition to crypto, the city has several hostile policies with lingering negative effects. As mayor, Eric Adams tried to reinvigorate crypto’s position by scrapping BitLicense requirements, but this proved unsuccessful. Nonetheless, Adams has an established track record as a crypto supporter, and he’s leaning on these connections for his bid against Zohran. Adams recently spoke at the Bitcoin 2025 conference in Las Vegas, and Politico published some quotes from the mayor’s and his associates’ speeches. Apparently, some of these have been scrubbed from the official broadcast. “When asked: What is [Adams] going to do for crypto? It’s: What is he not going to do for crypto. You ask him and he says yes. Ok? Literally. We have a lot of catching up to do, [but] with the crypto community’s support, and what I’m being told soft…
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