Mayor Adams is heading on a taxpayer-funded journey to Puerto Rico this week to attend a cryptocurrency convention.
Mamelak mentioned Adams will ship remarks on the occasion Tuesday afternoon alongside different cryptocurrency fanatics, together with billionaire Brock Pierce and Perianne Boring, a businesswoman presently into account by President-elect Donald Trump to turn into his chair of the Commodity Futures Buying and selling Fee, a federal entity that regulates the crypto trade.
Adams is then staying the evening in San Juan, in line with Mamelak, who mentioned the town’s paying for the journey as a result of the mayor’s going to study “more about innovative ways to bring tech jobs to New York City.”
Mamelak mentioned Adams is flying industrial to Puerto Rico and that metropolis funds can be used to cowl all “parts of the trip that have a city purpose.” She didn’t say how a lot the journey is anticipated to price, which elements of it may not have a metropolis objective or if any staffers are becoming a member of Adams.
Mayor Eric Adams. (Luiz C. Ribeiro for New York Every day Information)
Adams’ crypto-focused journey, which was first reported by Politico, comes as Trump’s incoming administration has vowed to focus extra federal assets on boosting cryptocurrencies amid considerations about fraud within the trade and its environmental impacts. In anticipation of Trump’s Jan. 20 inauguration, the worth of cryptocurrencies have surged.
Adams has lengthy himself been a significant crypto proponent, changing his first three mayoral paychecks into Bitcoin. Final week, Adams boasted that the worth of his crypto holdings have surged since Trump’s election.
“Remember y’all laughed at me when I first got my Bitcoin. Who’s laughing now? Go look at my Bitcoin now … Now you wish you would have done it,” he advised reporters.
On the crypto convention, Adams is anticipated to rub shoulders with a number of Trump acolytes, together with Pierce, a pal and donor to the mayor who’s additionally shut with a number of Trump advisers, together with Steve Bannon.
Initially Revealed: December 10, 2024 at 1:50 PM EST
