New York City Mayor Eric Adams had his first paycheck converted to crypto via Coinbase
Miami Mayor Francis Suarez was first to respond to a challenge from bitcoin investor and writer Anthony Pompliano, who tweeted, "It is time. Who is going to be the first American politician to accept their salary in bitcoin?"
Francis Suarez, mayor of Miami, speaks during the U.S. Conference of Mayors winter meeting in Washington, D.C., U.S., on Thursday, Jan. 20, 2022. Not to be outdone, Adams wrote, "In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor.
In the press release, Adams' office noted that the U.S. Department of Labor prohibits employees from being paid directly in cryptocurrency, but that anyone paid in U.S. dollars can have the funds converted prior to them hitting their account.
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