{"id":97750,"date":"2026-01-12T20:45:10","date_gmt":"2026-01-12T20:45:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/97750\/"},"modified":"2026-01-12T20:45:10","modified_gmt":"2026-01-12T20:45:10","slug":"eric-adams-finally-has-his-own-cryptocurrency-nyc-coin","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/97750\/","title":{"rendered":"Eric Adams Finally Has His Own Cryptocurrency, NYC Coin"},"content":{"rendered":"

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\n Photo: Adam Gray\/Getty Images\n <\/p>\n

It seemed like Eric Adams<\/a> was ready for a vacation. After four years of his grueling<\/a> social<\/a> schedule<\/a> as New York City mayor<\/a>, he was seen on his second day out of office with his long-term girlfriend en route to Dubai, where he soon commenced doing one of his favorite things \u2014 hanging out with a random guy. This time, the guy was a cosmetic vaginoplasty expert from whom Adams learned about \u201cstem cell,\u201d he said in a video<\/a> without explaining much more.<\/p>\n

But Adams, 65, says he is hard at work. In an interview with Fox Business<\/a> early on Monday morning, Adams announced that he was working on a cryptocurrency called New York City Coin. Speaking with Maria Bartiromo, Adams said the main reason he was launching this coin was to promote the use of cryptocurrency in New York City. It would also fund three separate initiatives: antisemitism awareness and education, \u201ccrypto education for New York City youth,\u201d and scholarship opportunities for the aforementioned crypto-educated youth.<\/p>\n

For a politician who has been boosting crypto for years now<\/a>, Adams does not display a detailed understanding of how it works. In his interview with Bartiromo, he said the word \u201cblockchange\u201d twice. Describing an actual use case of this coin, he said, \u201cWhen you look at this coin, our New York City Coin, the money that is generated from this coin we\u2019re going to zero in on: How do we stop this massive increase of antisemitism across our country and across the globe really? And how do we deal with the increase in anti-Americanism? And so the money that is raised will go to nonprofits like Combat Antisemitism, the historical HBCUs.\u201d He added that a \u201csubstantial\u201d amount of any revenue generated will be going to philanthropic causes. His new coin does not appear to have a website, and Adams gave no specifics on the wonky stuff that would attract actual investors, like \u201ctokenomics<\/a>,\u201d which blockchain it is built on, if it will be available for trading on Robin Hood, etc. But wearing a hat that said \u201c$NYC\u201d in a press conference near Times Square later on Monday, Adams did say<\/a> he would not take a salary \u201cat this time.\u201d<\/p>\n

Adams also said he has more plans other than this coin launch. \u201cLast week I was in places like Dubai as well as the Democratic Republic of Congo to look at how do we look at some of the great things we do here in the city, how do we show how to implement them in other countries,\u201d he said. He added that his general mission in the coming months would be to \u201cfight like heck to make sure this city does not go backwards\u201d under new leadership. As for the new mayor, Zohran Mamdani wasn\u2019t too impressed by Adams\u2019s coin, saying<\/a> that he would not invest.<\/p>\n

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