One other US politician deciding to simply accept a few of their wage in crypto reveals how bitcoin (BTC) is more and more turning into a political instrument for decision-makers who want to enchantment to extra tech-savvy and crypto-friendly voters.
The election of Eric Adams as the brand new mayor of New York Metropolis has added one other crypto-enthusiast to the rising membership of crypto-friendly US mayors who declared readiness to simply accept their subsequent paycheck in BTC, alongside the mayors of Miami and Jackson, Tennessee.
Miami’s notoriously pro-crypto Mayor Francis Suarez, who was reelected earlier this week because the Republican Celebration’s candidate, announced shortly after his win he would take his subsequent paycheck “100% in bitcoin”.
This has triggered a response by Adams, a Democrat, who vowed through the marketing campaign to remodel the Huge Apple into “the middle of bitcoins.”
“In New York we all the time go huge, so I’m going to take my first THREE paychecks in Bitcoin after I turn out to be mayor. NYC goes to be the middle of the cryptocurrency trade and different fast-growing, modern industries! Simply wait!” Adams tweeted.
Bearing in mind his predecessor’s reported base annual wage of USD 258,541, this would depart Adams with about USD 64,635 value of cryptocurrency, or barely greater than BTC 1 as of pixel time (UTC 09:00).
The mayor-elect’s declaration was welcomed by Suarez who congratulated Adams on his election and stated he was trying “ahead to the pleasant competitors in making our respective cities a crypto capital!”
Because the stakes went increased, the competitors for America’s most crypto-friendly mayor was joined by Scott Conger of Jackson, Tennessee, who has served as town’s mayor since 2019. The politician announced that, whereas he couldn’t legally be paid in bitcoin by town beneath the state legislation, he would make certain to purchase some crypto together with his subsequent wage “and immediately convert my subsequent paycheck to Bitcoin”.
Moreover, Jayson Stewart, the mayor of Cool Valley in Missouri, has went so far as to pledge he would offer USD 1,000 value of bitcoin to each family in his city of about 1,100 residents.
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