Eric Adams plans to fight antisemitism with cryptocurrency

In one of his final appearances as New York City mayor, Eric Adams announced plans to use cryptocurrency in his post-City Hall ventures to combat antisemitism, violence, and to educate children. The outgoing mayor, known for his embrace of technology, did not provide specifics on how he would implement this initiative. This statement comes as Adams wraps up his term before Zohran Mamdani, a critic of Israel, takes office.

Eric Adams, New York City's mayor since 2022, made the announcement on Monday, December 30, 2025, during a public appearance near the end of his tenure. Asked about his future plans, Adams stated, “I also want to use cryptocurrency to go after violence, educate our children, and really deal with antisemitism that we’re seeing globally.” He added, “Many people know that I’m a big technology person,” but offered no details on the application of cryptocurrency to these causes.

Adams has a history of promoting cryptocurrency. Upon taking office, he chose to receive his mayoral salary in Bitcoin, converting his first paycheck into BTC and ETH to position New York as a crypto-friendly hub. This move aimed to attract blockchain innovators and support Web3 startups and decentralized finance projects.

The announcement aligns with Adams' efforts in his final months to highlight support for Israel and the Jewish community amid rising global antisemitism. Earlier in December 2025, he issued an executive order barring city officials from participating in the Boycott, Divestment, and Sanctions movement against Israel, a position opposed by incoming mayor Zohran Mamdani. New York City is home to over 1.1 million Jews, and antisemitic incidents in the U.S. spiked 60% in 2023 according to FBI data.

While Adams' exact plans remain unclear, his pledge underscores cryptocurrency's potential role in social issues, building on trends like blockchain for transparent donations and global aid. As he prepares to leave office, this vision positions him as a bridge between technology and activism against hate.

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Former Mayor Eric Adams launches NYC Token cryptocurrency in Times Square, surrounded by glowing billboards and an attentive crowd.
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Former mayor Eric Adams launches NYC Token cryptocurrency

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Former New York City Mayor Eric Adams announced the launch of the NYC Token, a new cryptocurrency aimed at funding efforts to combat antisemitism and anti-Americanism. Speaking in Times Square just days after leaving office, Adams described the venture as a way to teach children about blockchain technology and improve city operations. He plans to oversee a related nonprofit but declined to disclose his partners or full details.

Former New York City mayor Eric Adams introduced a cryptocurrency called NYC Coin on Monday, aiming to fund initiatives against antisemitism and promote crypto education. However, the launch quickly drew allegations of a rug pull scam, with liquidity reportedly withdrawn shortly after, causing the token's value to plummet. Adams, a longtime crypto advocate, faces questions over the timing and mechanics of the event.

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Former New York City Mayor Eric Adams announced the NYC Token cryptocurrency in Times Square on Monday, promising to combat antisemitism and anti-Americanism. The token quickly reached a $600 million valuation but lost 75% of its value following a $2.5 million withdrawal. Experts question the launch's integrity, while Adams denies any wrongdoing.

Zohran K. Mamdani, sworn in as New York City’s 112th mayor on January 1, 2026, opened his term with executive actions and a flurry of staffing moves that signaled an early focus on affordability, jail and shelter oversight, and a media-forward governing style.

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Manhattan District Attorney Alvin Bragg outlined his second-term priorities during a speech at New York Law School, emphasizing guns, shoplifting, and cryptocurrency enforcement. He highlighted crypto's role in enabling other crimes and called for stronger regulations. Bragg stressed a systemic approach to prosecution beyond individual offenders.

At the World Economic Forum in Davos, US President Donald Trump pledged to sign sweeping cryptocurrency market structure legislation very soon, aiming to keep America as the crypto capital of the world. He framed the push as essential to outpace China in financial innovation. The remarks come amid bitcoin's surge above $90,000 and strong political support from the crypto industry.

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With betting markets and polls favoring Zohran Mamdani in Tuesday’s New York City mayoral election, attention is turning to how the Democratic Socialists of America — a key force in his rise — would interact with a Mamdani City Hall. Politico has reported that even allies expect friction as campaign ideals meet governing trade-offs.

 

 

 

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