New York City Mayor Didn’t List Crypto Assets in Financial Statement


New York City Mayor Eric Adams did not mention having crypto assets in the financial disclosure form. He promised to make corrections to the document, writes CNBC.

The politician submitted data for 2022 to the Council for the settlement of conflicts of interest. When asked if he owns any securities (including stocks, bonds, ETFs, mutual funds, or cryptocurrencies) with a market value of $1,000 or more, he answered “no.”

New York City Mayor Didn't List Crypto Assets in Financial Statement

A spokesman for Adams, in a CNBC comment, clarified that the mayor did not mention digital assets because he “misunderstood the question and decided that it only applies to securities.”

“[…] the mayor will amend the form to reflect his assets at the end of 2022,” the source said.

On the campaign trail, Adams said he planned to make New York more tech and cryptocurrency friendly and called for competition with Miami’s growing business ambitions.

After being elected mayor of New York, he announced that he would receive his first three salaries in bitcoin.

Recall that in November 2021, Miami Mayor Francis Suarez spoke about plans to become the first politician in the United States to convert salaries into the first cryptocurrency. He made the corresponding statement a week before Bitcoin updated its historical maximum at $69,000.

In December 2022, he revealed that he was still receiving digital gold payouts despite the bear market.

Found a mistake in the text? Select it and press CTRL+ENTER

ForkLog Newsletters: Keep your finger on the pulse of the bitcoin industry!


Leave a Reply