New NYC Mayor wants 0.487368 Bitcoin for first weeks on job
20:23, 4 November 2021
New York City Mayor elect Eric Adams, who ran his mayoral campaign in part on making New York more business-friendly, declared Thursday he would take his first three paycheques in Bitcoin.
In response to a Tweet from Miami mayor Francis Suarez, who has already established a MiamiCoin cryptocurrency platform, saying he would accept his next paycheque “100% in Bitcoin,” Adams Tweet replied, “In New York we always go big, so I’m going to take my first three paycheques in Bitcoin when I become mayor.”
The mayor of New York City is paid $258,740 per year, or $4,975.96 per week, before taxes. The New York City municipal payroll is on a bi-weekly schedule, so at Thursday’s $61,296 Bitcoin price, the first three paycheques would equal 0.487368 Bitcoin for Adams.
“NYC is going to be the centre of the cryptocurrency industry and other fast-growing innovative industries!” Adams added in his Tweet reply. “Just wait!”
MiamiCoin mimicry
Adams, a Democrat former Brooklyn Borough president, said in an interview Wednesday with Bloomberg Radio he wanted to emulate the MiamiCoin tokens started by Mayor Suarez in August. MiamiCoin, imagined to offset – and eventually replace tax revenue – allocates 30% of all MiamiCoin mined or purchased over the Okcoin exchange to the City of Miami.
“He has a MiamiCoin that is doing very well – we’re going to look in the direction to carry that out,” Adams said in the Wednesday interview.
NYC election results
Adams won the 2 November mayoral election by a 66.1% to 27.8%, according to the unofficial results reported by the NYC Board of Elections. Adams is scheduled to be sworn in on 1 January 2022. Adams will take over for current Mayor Bill DeBlasio, who is term-limited out.
Notably, former Mayor Michael Bloomberg, himself a multi-billionaire, forwent his mayoral salary and instead opted for a $1 annual remuneration.
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