Mayoral candidate pledges to make NYC 'most cryptocurrency-friendly city in the nation'

Published at: Sept. 1, 2021

Curtis Sliwa, a beret-wearing Republican running to be the mayor of New York City, said one of the goals of his campaign is to focus on crypto.

In a Wednesday tweet, Sliwa said he would be focusing on creating greater financial inclusivity in New York City by opening more crypto ATMs and incentivizing businesses to accept cryptocurrency. According to his campaign website, however, the mayoral candidate currently only accepts donations in U.S. dollars using personal checks or credit cards.

As NYC #Mayor, I will make #NYC the most cryptocurrency-friendly city in the nationProperty taxes, fines & fees will be payable in #cryptoWe will open more crypto ATMs & incentivize businesses to accept cryptoWe must modernize our economy & make it accessible for ALL! pic.twitter.com/WW2zPncEps

— Curtis Sliwa for NYC Mayor (@CurtisSliwa) September 1, 2021

Sliwa announced his intentions for the adoption of cryptocurrencies in NYC in June, before winning the Republican primary in the city’s mayoral race. The founder of the crime-prevention group Guardian Angels and reportedly the owner of 16 rescue cats, he will face off against Democratic candidate Eric Adams in November.

Adams, who has also taken a seemingly pro-crypto stance by pledging to make New York City “the center of Bitcoins,” won the Democratic primary against former presidential candidate and crypto advocate Andrew Yang in July. Yang also claimed he wanted to make the city “a hub for BTC and other cryptocurrencies.”

Related: Miami mayor aiming for 'the most progressive crypto laws'

Some mayors of U.S. cities large and small have been pushing for the adoption of cryptocurrencies or otherwise taking a position in favor of digital assets. In August, Mayor Jayson Stewart of Cool Valley, Missouri proposed giving away more than $1 million in Bitcoin (BTC) to the city’s roughly 1,500 residents. Miami Mayor Francis Suarez has also said he is a hodler and wants to make the Florida city attractive to those in the crypto and blockchain industry.

Tags
Related Posts
NYC's mayoral frontrunner pledges to turn city into Bitcoin hub
Within the same month, talk of the United States' budding capital of crypto has seemingly shifted its center from Miami to New York City. June opened with feverish excitement about the largest Bitcoin (BTC) event in history being hosted in Miami, and the city's mayor, Francis Suarez, has taken a series of steps to strengthen his bid to make Miami the top spot for crypto not just nationally but globally. Yet with U.S. pundits now focused on New York City's mayoral race, the current frontrunner for the Democratic nominee, Eric Adams, has — at least momentarily — stolen the limelight …
Adoption / June 24, 2021
Andrew Yang says he'll transform NYC into a Bitcoin hub if elected mayor
Andrew Yang, the Democratic Party front-runner in the race to be New York’s next mayor said he would transform New York City into “a hub for BTC and other cryptocurrencies” noting the city to be “the world’s financial capital.” The former presidential candidate made the comment in a tweet earlier today which drew a flurry of mixed reactions, with some proclaiming it to be a campaign-selling maneuver and others equating it to political suicide. The most unifying reaction, however, was the demand that Yang use his powers, if elected, to end the BitLicense, enacted by the New York Department of …
Adoption / Feb. 12, 2021
Brazilian federal deputy proposes crypto payment option for workers
Federal Deputy Luizão Goulart, a Brazilian congressman, proposed a bill to legalize crypto payments as a mode of payment for public and private sector workers. Goulart’s proposal seeks a new law that allows all Brazilian workers to have an option to request employers for remuneration in cryptocurrencies. However, the bill warrants crypto payments to be made only after selling a mutual agreement between the workers and the employer. According to the translated version of the bill: “The limits of the percentage of payment (remuneration) in cryptocurrencies will be of the worker’s free choice. Any imposition by the employer will be …
Adoption / Nov. 7, 2021
New York gubernatorial candidate calls for moratorium on proof-of-work mining
With roughly nine months until major federal and state elections, New York State gubernatorial candidate Jumaane Williams is making crypto mining an issue in his campaign, criticizing the lack of regulatory clarity. Speaking to climate activists and protestors at Seneca Lake in upstate New York on Monday, Williams called on current Governor Kathy Hochul to deny permits for proof-of-work crypto mining firms seeking to operate in the state, citing potential environmental concerns as well as any “harmful” economic impact. The gubernatorial candidate cited China’s crackdown on proof-of-work miners to back his claims. “20% of America’s mines operate in New York …
Regulation / Feb. 1, 2022
Everything gets politicized, including crypto, says former POTUS candidate Andrew Yang
Although cryptocurrency may still be misunderstood on Capitol Hill, crypto is becoming more political as its influence gains traction. For instance, lobbying by those involved in the cryptocurrency industry has reached new heights. A report from the nonprofit consumer advocacy group Public Citizen found that the number of lobbyists for cryptocurrency-related issues rose from 115 in 2018 to 320 in 2021. The report further indicated that the number of representatives within the cryptocurrency industry increased from 47 to 157 during that time period. The United States midterm elections — set to take place on November 8, 2022 — are further …
Adoption / May 4, 2022