Crypto-Friendly New York City Mayor Eric Adams Still Supports Digital Assets Despite FTX Implosion: Report

Crypto-Friendly New York City Mayor Eric Adams Still Supports Digital Assets Despite FTX Implosion: Report


New York City mayor Eric Adams’ stance on crypto is reportedly undeterred by the recent collapse of the FTX exchange.

Adams has converted his first three paychecks into Bitcoin (BTC) and Ethereum (ETH) after winning the mayoral race in New York City.

Amid the crypto winter further pummeled by the implosion of the industry’s second-largest exchange, Bloomberg reports that the local executive still sees an opportunity for supporting blockchain and digital assets.

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City Hall spokesman Jonah Allon, who issued the statement on behalf of Adams, says that the value of crypto assets normally goes up and down.

“As with all financial products, price fluctuations are an expected feature of the market – and it is shortsighted to believe that setbacks in an industry are an

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