• Eric Adams wins the mayoral election in New York City using cryptocurrency

  • With 72.8 percent of the vote, Adams defeated Republican Curtis Sliwa, who was also a pro-crypto candidate, to become New York City’s next mayor.

    Democrat Eric Adams, who campaigned on making New York City “the center of Bitcoins” if elected mayor, defeated Republican Curtis Sliwa.

    Following the results of the Nov. 2 election, Adams will succeed Bill de Blasio as mayor of New York City, defeating Sliwa and other candidates with 72.8 percent of the vote. He is set to take office on January 1.

    During his mayoral campaign, Adams promised to make New York City a tech hub that will be “the center of cybersecurity, self-driving cars, drones, and Bitcoins.” In June, he defeated crypto-friendly businessman Andrew Yang to become the Democratic Party’s nominee.

    Many jurisdictions in the United States held local and state elections yesterday, with some candidates previously advocating for pro-crypto legislation and policy. Francis Suarez, the mayor of Miami since 2017, was re-elected with 78.7 percent of the vote.

    New York state is frequently the focus of media attention when it comes to cryptocurrency regulation and enforcement in the United States. The New York Attorney General’s office was in charge of a settlement case involving Bitfinex and Tether, which agreed to pay $18.5 million in damages in February, as well as ordering Coinseed to close its doors after the firm allegedly defrauded investors out of more than $1 million.

    While major federal elections in the United States may have an impact on the crypto market from time to time, many senators and state representatives will not have their seats challenged until at least 2022. Mayor Jayson Stewart of Cool Valley, Missouri, was among the pro-crypto U.S. lawmakers who did not face re-election yesterday. Stewart proposed in August to give away more than $1 million in Bitcoin (BTC) to the city’s roughly 1,500 residents.

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