Advertise
- Rizwan AnsariRizwan Ansari
- Reviewed by:
Sohrab KhawasSohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Sep 29, 2025 08:29 UTC
-
‘Bitcoin Mayor’ Eric Adams Drops NYC Re-Election Race
NYC Mayor Eric Adams withdraws from re-election, shocking the crypto community and political observers alike.
Financial struggles and denied public campaign funds forced Adams to abandon his re-election bid.
Adams’ departure creates uncertainty for city blockchain projects, NFT partnerships, and crypto-friendly initiatives.
New York City’s pro-crypto mayor Eric Adams, who backed Bitcoin payroll proposals and positioned NYC as a blockchain innovation hub, announced his withdrawal in an emotional video posted on Sunday, that he is exiting his re-election campaign just weeks before the vote.
His decision shocked the entire crypto community, wondering the reason behind his withdrawal.
Why Adams Stepped Down?
Mayor Eric Adams announced via a tweet that he was ending his reelection campaign, citing financial struggles and a lack of public campaign funds. His administration had faced bribery allegations, though federal charges were later dismissed.
Adams said constant media speculation and the denial of public financing left him without the resources needed for a viable campaign. Coupled with low poll numbers and ongoing scrutiny, he felt there was no clear path to victory.
Mayoral Race Shifts After Adams’ Exit
After Adams departure, New York’s mayoral race changes, especially affecting tech and digital asset policies. The focus now turns to frontrunner Assemblyman Zohran Mamdani, with former governor Andrew Cuomo also in dispute.
Meanwhile, Republican Curtis Sliwa remains, but his campaign struggles. Analysts see Mamdani gaining strength, though Cuomo could still attract moderate Democratic voters.
Adams and His ‘Bitcoin Mayor’ Reputation
Adams, who took office pledging to make NYC “the heart of the crypto industry.” He was one of the highest-profile American politicians to embrace digital currency, even converting his first mayoral paycheck to Bitcoin and Ethereum.
Under his leadership, NYC hosted blockchain conferences, piloted city NFT partnerships, and called for friendlier state crypto regulations.
His withdrawal introduces uncertainty for several municipal crypto initiatives, with current frontrunners Zohran Mamdani and Andrew Cuomo both more cautious or ambiguous on crypto policy.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
Eric Adams is the former mayor of New York City, known for his pro-crypto stance, converting paychecks to Bitcoin, and promoting NYC as a blockchain hub before withdrawing his re-election bid.
Mayor Adams withdrew due to financial struggles, lack of public campaign funds, and low poll numbers. Media scrutiny and past bribery allegations, though dismissed, also impacted his decision.
Adams converted his first paycheck to Bitcoin and Ethereum, hosted blockchain conferences, and pushed for NFT partnerships and friendlier crypto regulations.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Yes 
No 
