Eric Adams Denies Profiting from NYC Token Launch

Source: Coinomedia Original Title: Eric Adams Denies Profiting from NYC Token Launch Original Link: https://coinomedia.com/eric-adams-denies-profiting-from-nyc-token-launch/

Former NYC Mayor’s Position on Crypto Initiatives

Former New York City Mayor Eric Adams has come forward to reject recent allegations claiming he profited from the launch of the NYC Token. Adams labeled the accusations as “false,” specifically denying reports that he moved funds out of related crypto projects for personal gain.

The controversy erupted after reports began circulating that Adams may have financially benefited from the city’s blockchain initiative, raising questions about transparency and conflict of interest during his term.

“I Did Not Profit,” Says Adams

In a firm statement, Adams stated that he had no personal financial interest in the NYC Token and did not receive any profits from its development or launch. He emphasized his commitment to exploring innovative technologies like blockchain for public good — not personal enrichment.

“This was about innovation and advancing New York as a tech-forward city,” Adams said. “I did not, and would not, use public projects for personal gain.”

Adams was one of the earliest public officials to openly support cryptocurrencies and even pledged to receive his first paychecks as mayor in Bitcoin. His position made him a high-profile figure in crypto-political conversations.

Crypto and Politics: A Tense Intersection

The accusations against Adams have fueled broader debates about the intersection of crypto and politics. As more cities and officials embrace blockchain-based projects, transparency and accountability have become essential.

While Adams denies any wrongdoing, the incident highlights the scrutiny public figures face when aligning themselves with fast-moving financial technologies. For now, no formal investigation has been announced, but the public and media attention is unlikely to fade soon.