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NYC Will Be a Major Bitcoin Hub, Democratic Mayoral Front Runner Says

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  • New York City Democratic mayoral front runner Eric Adams said he will turn the city into a bitcoin hub within a year. 
  • He said NYC would steal the crown from Miami, which has become a major center for crypto adoption. 
  • The New York State assembly rejected a bill to limit crypto mining in the state earlier this month. 
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New York City Democratic mayoral front runner Eric Adams said he would turn the city into a bitcoin hub within a year, rivalling Miami for the position as the epicenter of the US crypto community. 

“I promise you, in one year […] you’re going to see a different city. […]. We’re going to become the center of life science, the center of cyber security, the center of self-driving cars, drones, the center of bitcoin, we’re going to be the center of all the technology,” Adams said on Tuesday after voting closed for the primaries. 

Adams is currently leading the race, while bitcoin fan Andrew Yang, who had also said he would transform the city into a bitcoin hub, dropped out of the race after polls placed him second in line. 

New York’s state assembly rejected a bill to limit crypto mining for environmental reasons earlier this month. It had passed through the state senate after Senator Kevin Parker had proposed the state halt bitcoin mining for three years until its environmental impact, especially its greenhouse gas emissions, could be evaluated. 

Should Adams be elected and make good on his promise to turn New York City into a bitcoin hub, the city would rival Miami as the focal point of the crypto community in the US. 

Miami has been dominating the scene over the past months, as its mayor Francis Suarez has advocated for bitcoin adoption and has said he was trying to make Miami into the world’s crypto capital

Earlier this month, thousands of crypto fans congregated in the city to attend the Bitcoin 2021 Miami and Shitcoin 2021 conferences despite the ongoing Covid-19 pandemic. Bitcoin 2021 is the biggest annual crypto convention and saw guests like Jack Dorsey, Michael Saylor and the Winklevoss twins attend. 

El Salvador’s President also used the conference to announce a bill that would make bitcoin legal tender in the Central American country – which he successfully pushed through congress the following week. 

“Miami, you had your run, we’re bringing our businesses back!” Adams said on Tuesday. 

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