Crypto-friendly NYC Mayor ericadamsfornyc is not a fan of Bitcoin mining
, New York City's cryptocurrency-friendly mayor, has bewildered the Bitcoin community after voicing his opposition to crypto mining during a local government budget hearing with elected officials in Albany:New York State Assemblymember Dr. Anna Kelles praised Adams for making the distinction between crypto and the mining of it. She added that New York City could become the crypto capital of the U.S. without supporting environmentally damaging crypto mining.
Several legislators expressed their concerns regarding Adams's wholehearted embrace of cryptocurrencies., Adams volunteered to accept his first paycheck in Bitcoin and Ethereum, two proof-of-work cryptocurrencies that rely on energy-intensive mining. The 61-year-old mayor also vowed to make New York, which is known for its hostile regulatory regime, the center of the cryptocurrency industry, giving Miami a run for its money.
Bitcoiners slammed Adams for his"shameful" comment, arguing that one cannot be pro-crypto while simultaneously opposing mining. Bitcoin mining is not a climate killer. Your organization and the Mayor are hurting New Yorkers. This is shameful.
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