Mayor-Elect Eric Adams to Explore NYC Coin Similar to Miami’s

New York City Mayor-Elect Eric Adams said he wanted to turn New York into a crypto-friendly city and wagered a “friendly competition” with the mayor of Miami, who was the first to set up a so-called CityCoin cryptocurrency.

“He has a MiamiCoin that is doing very well -- we’re going to look in the direction to carry that out,” Adams said in a Wednesday interview on Bloomberg Radio. He vowed to “look at what’s preventing the growth of Bitcoin and cryptocurrency in our city.”

The mayor-elect said the city must build a pipeline of talent for crypto-related jobs, “because we ...