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
The US Department of Justice suspects Tether of manipulation during the Bitcoin rally in 2017
High market volatility last year, and especially the epic Bitcoin rally in December, became the reason for the US Department of Justice to investigate the activities of the Bitfinex crypto exchange and the Tether Ltd team.
California wants to allow payment for government services with cryptocurrency
California will be the latest state to consider paying for government services in cryptocurrency.
