The mayor of New York Eric Adams officially withdraws from the election fight.
Eric Adams says “say goodbye”
Fan Bitcoin and the mayor of New York Eric Adams withdrew from applying for re -election. In the film posted on portal X he mentioned financial problems.
Despite all our achievements, I can’t continue the re -election campaign
– he passed.
It is to have problems regarding the acquisition of funds for the campaign, which may be the result of the famous court case. In 2024 he heard allegations of corruption – he was supposed to accept illegal political subsidies from the authorities of Turkey and China. Ultimately, the allegations were dismissed, but, as you can see, Adams wants to withdraw from local policy.
Everything takes place at a special moment: the media suggested that Donald Trump’s colleagues talked to Adams about taking a function in the federal government in exchange for withdrawing from the election.
After his resignation, only Zohran Mamdani, the favorite of the elections with leftist views, Andrew Cuomo, former Governor of New York, and Curtis Sliwa, a Republican and founder of Guardian Angels.
Trump warns that if the opposition remains divided, Mamdani will win. Adam had no chance of winning, because he was fourth in the polls.
Probitcoin mayor
Adams took office in 2022. He is credited with his merit in reducing crime (he is a former policeman) and recovery of the economy. In May, Adams announced that New York is “open to business” and cryptocurrency companies. At the end of the same month, he announced the creation of the Digital Advisory Council. He promoted his future city “world capital of cryptocurrencies”.
There is an era of tokenization, including cryptocurrencies, blockchain and other fintech innovations, and we will continue it
He said then.
He wanted the issue of bitcoin bonds and renewed appeals for the abolition of the strict Bitlicense program in New York. In his way, the city controller of New York, Brad Lander, stood in his way, who rejected this proposal, claiming that it was “legal and irresponsible financially”.
The leader of the polls, Mamdani, has not yet specified his position on cryptocurrencies, but the industry seems concerned about his socialist views.
Democrat Andrew Cuomo ranks second in the polls. Earlier he worked as an OKX cryptocurrency exchange advisor. He was also conflicted with Adams, the latter criticized him for the fact that during his term of office New York “dismantled and destroyed” the local cryptocurrency industry.
Elections to the Mayor of New York will take place on November 4, 2025. Adams will be the mayor until his successor took the office on January 1, 2026.
