Eric Adams Suspends Mayoral Re-Election Amid Campaign Finance Scrutiny — Bitcoin Advocate Urged Repeal of New York BitLicense
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COINOTAG News reported that on September 29 New York City Mayor Eric Adams announced the suspension of his mayoral re-election campaign, with several outlets noting that campaign finance concerns were cited in media coverage as a contributing factor to the decision.
Adams has been a high-profile advocate for digital assets, publicly taking his first three paychecks in Bitcoin and convening New York’s inaugural cryptocurrency summit, positioning him as a prominent interlocutor between fintech stakeholders and municipal regulators.
He has also called for repeal of New York’s BitLicense regime to support broader Bitcoin circulation; the regulation remains one of the most stringent U.S. frameworks, and Adams’ exit removes a vocal municipal proponent from ongoing New York crypto policy discussions.