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
Japanese exchange Coincheck will receive a license at the end of the year
According to local news source Nikkei, Japan's Financial Services Agency (FSA) intends to issue a license to cryptocurrency exchange Coincheck.
Chinese Internet regulator has developed new rules for blockchain companies
On Friday, the Cyberspace Administration of China published a bill that would require all blockchain organizations to censor information and require users to use their real names and identification codes when registering. According to the South China Morning Post, the regulator's bill is open for public comment until November 2.
