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.
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