Eric Adams wins New York mayoral race

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Democrat Eric Adams, who has said he plans to make New York “the center of Bitcoin” if elected mayor, won his race against Republican Curtis Sliwa.

After the November 2 election day results, Adams will replace Bill de Blasio as mayor of New York, defeating Sliwa and other candidates with 72.8% of the vote. He is expected to take office on January 1.

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During his campaign for mayor, Adams pledged to make New York a technology hub that will be “the center of cybersecurity, the center of self-driving cars, drones, the center of Bitcoins.” He beat crypto-friendly businessman Andrew Yang to become the Democratic Party candidate in June.

Many jurisdictions in the United States held elections for local and state governments yesterday, fielding candidates who have already argued for pro-crypto legislation and policy. In Miami, Francis Suarez was reelected – he has been mayor since 2017 – with 78.7% of the vote.

Related: Crypto City: New York Guide

New York State is often the center of regulatory and enforcement media attention for crypto companies in the United States. The New York attorney general’s office was responsible for a settlement case from Bitfinex and Tether, which agreed in February to pay $ 18.5 million in damages, as well as order Coinseed to shut down. after the company allegedly defrauded investors over $ 1 million.

While the great federal election in the United States can sometimes affect the crypto market, many senators and state officials will not see their seats contested until 2022 at the earliest. Pro-crypto US lawmakers in cities and states that did not face a re-election battle yesterday included Mayor Jayson Stewart of Cool Valley, Missouri. In August, Stewart offered to give more than $ 1 million in Bitcoin (BTC) to the city’s roughly 1,500 residents.