Eric Adams Exits NYC Mayoral Race, Crypto Loses Vocal Champion

[nihalsari]

New York City’s sitting mayor, Eric Adams, has officially dropped out of the mayoral race, leaving the city without its most prominent crypto supporter.

Adams had championed pro-crypto policies during his tenure but struggled to repeal BitLicense requirements and other restrictive regulations. Despite his efforts, scandals and low voter enthusiasm prevented him from maintaining momentum in the race.

[EmTeam]

Adams stepping out ends NYC’s most vocal pro-crypto leadership, leaving the space with less direct backing.

[Nahid10]

His failure to reform BitLicense shows how tough it is to move the needle on NY crypto rules.