Eric Adams spoke out strongly against cryptocurrency mining during a state budget hearing.
The mayor of New York, who converted his first salary into bitcoin, spoke out against the crypto industry, which supported his campaign for mayor.
On Wednesday, at a budget hearing, Adams said:
"I support cryptocurrency, not crypto mining."
Opponents of the crypto industry and environmental activists perceived the mayor's comments as a victory, and a chance for passage of the bill. on the mining moratorium in New York.
The crypto community, on the contrary, criticized the mayor’s position. Statements about the unenvironmental friendliness and danger of mining the first cryptocurrency have already been refuted by many studies, according to industry representatives.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
Ukraine adopted a law on virtual assets
The Verkhovna Rada adopted a law on the regulation of virtual assets, which will support the legal cryptocurrency market.
China is putting pressure on cryptocurrencies: what will happen to the market?
On September 24, the Central Bank of China declared all transactions with cryptocurrencies illegal. The ban also applies to foreign exchanges providing services to Chinese citizens. How did the crypto market react to these actions and what should investors expect now?
