Ex-NYC Mayor Eric Adams Bets Big on Crypto: Launching NYC Token with Mystery Backers
What’s Next for Eric Adams? A Crypto Hustle in Times Square
Just days after leaving City Hall, former New York City Mayor Eric Adams made a splashy return to the spotlight. Standing in the heart of Times Square, he announced his latest venture: promoting a new cryptocurrency called
Adams has always pushed hard for blockchain and digital money. As mayor, he even took his first paycheck in crypto. Now, out of office, he’s jumping straight into sales mode for
The Big Reveal: Hits the Scene
Adams pitched
Key details from the launch:
- No names on backers: Adams says he has deep-pocket investors, but won’t say who. He claims it’s all on the site – but it’s not.
- Team cut: The unnamed team behind it gets 10% of profits.
- Good causes: Some profits will fight antisemitism and “anti-Americanism.”
- No salary yet: Adams isn’t taking pay now, but might later.
The token aims to blend NYC’s energy with blockchain tech. But without clear info on funding, it feels more hype than substance right now.
Adams’ Crypto Love Affair: From Mayor to Mogul
Eric Adams didn’t hide his crypto passion in office. Highlights include:
- Taking his inaugural salary in Bitcoin and other coins.
- Speaking at major crypto events.
- Backing tech like robot dogs for police and smart cameras on buses.
His final days as mayor involved global trips to places like Albania, Israel, and Dubai – all on taxpayer dime. Post-office, he’s kept traveling, fresh from Dubai and Congo, heading to Dallas next.
Now, he’s teasing more: new companies and international deals. “I’m going to be working for Eric Adams,” he said, skipping the 9-to-5 life.
Mystery Investors: Who’s Really Behind ?
The big unknown? The backers. Adams ruled out Brock Pierce, a crypto billionaire and past donor who gave $1.1 million to his PAC just before dropping his reelection bid.
Why hide them? Ethics rules still bind ex-officials. Adams can’t deal with city matters he handled for a year post-office. Public names would help check for conflicts.
In crypto world, anonymous funding isn’t new. But for a high-profile figure like Adams, it fuels suspicion. Is it legit investors? Or ties to his political past?
What Could Mean for Crypto and NYC
New York has strict crypto rules, but Adams always fought to loosen them. His token could spark more adoption – think payments, NFTs tied to city culture, or DeFi apps for locals.
Pros:
- Boosts NYC as a blockchain hub.
- Charity angle for social issues.
- Builds on Adams’ tech legacy.
Cons:
- Risk of scams in hyped launches.
- Ethics red flags without transparency.
- Market volatility – many tokens flop.
If it succeeds,
Ethics Watch: Rules for Ex-Mayors in Business
Former officials face limits. Adams must avoid city contacts on his old duties. His crypto push seems separate, but backers with city ties could spell trouble.
Experts say full disclosure is key. Until then, it’s a gray area. Watchdogs will scrutinize as details emerge.
Adams’ Bigger Plans: Companies, Travel, and Global Deals
Beyond
- New businesses launching soon.
- International partners.
- Non-stop travel for opportunities.
His jet-set style continues – no slowing down. This crypto gig is just step one in his post-mayor empire.
Final Thoughts: Hype, Risk, and NYC’s Crypto Future
Eric Adams’
For investors: Do your homework. Check the site, watch for updates, and DYOR (do your own research).
For New Yorkers: It could bring innovation – or headaches. As Adams builds his brand, transparency will decide if this flies or flops.
Stay tuned. The ex-mayor’s next moves could reshape crypto in the Big Apple.
Keywords: Eric Adams crypto, NYC Token launch, former mayor blockchain, crypto ethics NYC
