Pro-crypto NYC Mayor Eric Adams drops out of reelection race, citing finance woes

**Pro-Crypto NYC Mayor Eric Adams Withdraws from Reelection Race Amid Financial Challenges**

New York City Mayor Eric Adams, a prominent cryptocurrency advocate, has officially dropped out of the mayoral reelection race, citing significant financial difficulties. The pro-Bitcoin mayor, who famously converted his first three paychecks to cryptocurrency and championed NYC as a blockchain hub, declined to endorse any of his three remaining opponents: Zohran Mamdani, Andrew Cuomo, and Curtis Sliwa.

Adams' withdrawal creates uncertainty for New York's cryptocurrency landscape, as he was instrumental in positioning the city as a digital asset-friendly jurisdiction. During his tenure, Adams promoted Bitcoin adoption, supported blockchain innovation, and advocated for crypto-friendly policies that attracted DeFi projects and cryptocurrency businesses to NYC.

The mayor's financial woes highlight the volatile nature of both political careers and cryptocurrency investments. His departure leaves crypto enthusiasts questioning which candidate will continue his digital asset initiatives. The NYC mayoral race now faces a critical juncture, with the cryptocurrency community watching closely to see if the next administration will maintain Adams' pro-crypto stance or shift toward more restrictive digital currency policies.