NYC Mayor Wants to Veto State’s Bitcoin Mining Ban

Eric Adams wants Governor Kathy Hochul to veto a recent bill passed by the New York State senate to cap PoW mining at its current level.

For Adams, cryptocurrency is an undeniable part of the state’s economy thanks to the “billions of dollars that are spent on cryptocurrency.” He added that, “We can’t continue to put barriers in place.” 

After winning last year’s NYC mayoral elections, Adams pledged to join Francis Suarez in taking his first three paychecks in Bitcoin. True to his word, Adams cashed out his first paycheck in both Bitcoin and Ethereum earlier this year.

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