Mayor Adams is heading on a taxpayer-funded journey to Puerto Rico this week to attend a cryptocurrency convention.
Mamelak stated Adams will ship remarks on the occasion Tuesday afternoon alongside different cryptocurrency fans, together with billionaire Brock Pierce and Perianne Boring, a businesswoman presently into account by President-elect Donald Trump to grow to be his chair of the Commodity Futures Buying and selling Fee, a federal entity that regulates the crypto business.
Adams is then staying the evening in San Juan, in response to Mamelak, who stated the town’s paying for the journey as a result of the mayor’s going to be taught “more about innovative ways to bring tech jobs to New York City.”
Mamelak stated Adams is flying industrial to Puerto Rico and that metropolis funds shall 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 value, which components of it may not have a metropolis goal or if any staffers are becoming a member of Adams.
Mayor Eric Adams. (Luiz C. Ribeiro for New York Day by day Information)
Adams’ crypto-focused journey, which was first reported by Politico, comes as Trump’s incoming administration has vowed to focus extra federal sources on boosting cryptocurrencies amid considerations about fraud within the business 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 informed reporters.
On the crypto convention, Adams is anticipated to rub shoulders with a number of Trump acolytes, together with Pierce, a good friend 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
