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
Cuba intends to legalize cryptocurrencies
The Cuban government has announced that it will recognize cryptocurrencies and enshrine them in law.
The Central Bank of China has introduced a ban on all crypto transactions
The People's Bank of China has imposed a ban on all cryptocurrency transactions.
