NYC mayor Eric Adams to update disclosure form after failing to report crypto holdings, report says
Publishing timestamp: 2023-07-14 17:41:53
Summary
New York City mayor Eric Adams failed to report his cryptocurrency holdings in his annual financial disclosure form. He misunderstood the question and believed it only referred to securities. He has pledged to correct the form and include his crypto holdings. The exact value of his holdings is unknown. Adams had previously embraced cryptocurrency and planned to accept his mayoral paychecks in bitcoin. Miami mayor Francis Suarez, known for his progressive crypto policies, reported crypto holdings of $71,321 at the end of 2022. It is unclear if Suarez converted his holdings into cash or if his mayoral income was affected by the bear market.
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Keywords: business news, technology, fintech, energy, bitcoin, cryptocurrency, ethereum/usd coin metrics, bitcoin/usd coin metrics,