Soon-to-be New York Mayor Eric Adams (D) said on Thursday that he would take his first three paychecks in Bitcoin — a first in the city of New York.
Adams' move, issued in a tweet Thursday afternoon, followed Miami Mayor Francis Suarez's Nov. 2 claim that he would take his next paycheck entirely in Bitcoin.
Suarez, an outspoken advocate for Bitcoin and other cryptocurrencies, has been attempting this year to establish Miami as something of a Wall Street South for crypto. He has embraced crypto asset managers, including hedge funds and their service providers, moving to Miami, citing low taxes and a friendly business environment.
Suarez's tweet in turn came on the heels of Bitcoin bull Anthony "Pomp" Pompliano challenging politicians in the U.S. earlier this week to be the first to be paid in Bitcoin. Pompliano, a former partner at Morgan Creek Capital who built out the firm's crypto investment business, now runs his own crypto venture capital operation, Pomp Investments.
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"It is time. Who is going to be the first American politician to accept their salary in bitcoin?" Pomp tweeted.
In his initial reply, Suarez tagged a city administrator in Miami, asking for help in completing the transaction to be paid in Bitcoin.
Not to be outdone, Adams, who was elected as New York's mayor earlier this week, replied:
"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!"