Fresh off a landslide election victory for New York City mayor, Eric Adams said he would take his first three paychecks in the form of bitcoin.
Adams tweeted: "In New York we always go big, so I'm going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait!"
The move came just two days after Miami Mayor Francis Suarez said he would take his next paycheck "100% in bitcoin" to become the first American politician to accept a salary in cryptocurrency.
Adams hopes to make New York City more friendly to businesses, particularly the tech sector. He told Bloomberg in an interview yesterday: "We're too bureaucratic, too expensive, and too difficult to do business." Adams also said he wanted New York to become a crypto-friendly city.
New York's tech economy has boomed in recent years. Facebook, Microsoft, Amazon, Google, Stripe and Roku have all attempted to expand in New York since the initial COVID-19 commercial real estate downturn.
The New York tech expansion has often occurred in the face of strong political opposition. Amazon, for instance, had to roll back its plans for placing a second headquarters in Queens after progressive activists and union leaders challenged the $3 billion government incentive plan.