{"id":11718,"date":"2026-01-12T21:17:58","date_gmt":"2026-01-12T21:17:58","guid":{"rendered":"https:\/\/microvibenews.com\/?p=11718"},"modified":"2026-01-12T21:17:58","modified_gmt":"2026-01-12T21:17:58","slug":"former-nyc-mayor-eric-adams-has-a-new-act-as-a-crypto-entrepreneur-though-details-are-vague","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=11718","title":{"rendered":"Former NYC Mayor Eric Adams has a new act as a crypto entrepreneur\u2014though details are vague"},"content":{"rendered":"

<\/p>\n

During his final days in office, embattled New York City Mayor Eric Adams teased his future after politics, pledging to use cryptocurrency to \u201cgo after violence, educate our children, and deal with antisemitism.\u201d\u00a0<\/p>\n

\n

It didn\u2019t take long for Adams to unveil his plans. On Monday morning, about a dozen reporters and camera operators huddled in the heart of Times Square as Adams detailed the \u201cNYC Token,\u201d his yet-to-be launched cryptocurrency designed to raise funds that will be used to address antisemitism and anti-Americanism, as well as to teach children how to embrace blockchain technology.\u00a0<\/p>\n

\u201cWe want to make sure everyday New Yorkers can invest and create an atmosphere they want to see in their city,\u201d Adams said.<\/p>\n

The former mayor of the U.S.\u2019s largest city didn\u2019t say how his cryptocurrency will fight antisemitism. And he didn\u2019t disclose who he was partnering with to launch the token, when it will be released, and how funds will be used. In a brief question-and-answer portion, Adams directed reporters to a website that he said would contain more information about the team behind the initiative.\u00a0<\/p>\n

The website, however, includes no such details, with buttons advertising \u201cbuy NYC token\u201d and \u201cread whitepaper\u201d not working as of publication. Still, it claims that the token already has a $2.5 million market cap with one billion tokens in supply and 10,000 holders. The website does not list any other figures associated with the project except for Adams, who said that he would not be taking a salary at this time for the initiative though would re-evaluate the decision in the future.<\/p>\n

The blockchain mayor<\/strong><\/p>\n

Even before being sworn into office in January 2022, Adams was a crypto booster and promised to take his first three mayoral checks in Bitcoin. He touted that New York was \u201cgoing to be the center of the cryptocurrency industry.\u201d\u00a0<\/p>\n

His enthusiasm was dampened by the downturn in the crypto industry in late 2022 spurred by the collapse of the exchange FTX, staying largely silent on the sector until hosting a crypto summit at the mayoral residence of Gracie Mansion in May 2025. Later that month, Adams spoke at the crypto conference Bitcoin 2025, where he promised to create Bitcoin-backed bonds for New York City.<\/p>\n

He never made good on that promise, but, in October 2025, he established the Office of Digital Assets and Blockchain Technology in an executive order. It remains unclear whether newly elected Mayor Zohran Mamdani will advance the initiative\u2019s nebulous objectives, which include encouraging investment in New York City by the blockchain industry and evaluating initiatives that educate the public. (Mamdani said at a separate press conference on Monday that he would not be buying Adams\u2019s new coin.)<\/p>\n

During his tenure as mayor, Adams faced widespread criticism for ethics and conflicts of interest violations, including a Department of Justice indictment for bribery and illegal campaign donations that was later dropped under the Trump administration.\u00a0<\/p>\n

Government ethics groups have raised alarm bells over Adams\u2019s involvement with crypto, including the leader of a super PAC assisting in setting up the Gracie Mansion summit while helping Adams raise upwards of $5 million for his re-election bid, according to Politico.\u00a0<\/p>\n

Now out of office, Adams said the crypto coin is just one of several initiatives he plans to pursue as he embarks on trips to Dallas and Senegal. Still, he made clear in Times Square on Monday that New York remains his home: \u201cI\u2019m not going anywhere.\u201d<\/p>\n<\/div>\n

#NYC #Mayor #Eric #Adams #act #crypto #entrepreneurthough #details #vague<\/p>\n","protected":false},"excerpt":{"rendered":"

During his final days in offic… <\/p>\n","protected":false},"author":1,"featured_media":11719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[2109,3929,1211,1227,1094,6144,8490,6901,6844,4367,6451,8491],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/11718"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11718"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/11718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/11719"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}