New York’s new pro-crypto mayor Eric Adams invests his first paycheck in Bitcoin and Ethereum

New York’s new pro-crypto mayor Eric Adams invests his first paycheck in Bitcoin and Ethereum

New York City's new mayor Eric Adams plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

The Democrat's office announced on Thursday that Adams' first salary payment will be deposited with Coinbase, an online exchange used for buying cryptocurrency, and then converted into Ethereum and Bitcoin.