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New York City Mayor Eric Adams has pledged to amend his annual financial disclosure form after he reportedly failed to include his cryptocurrency holdings.
The former police officer is a vocal supporter of bitcoin and receives some of his salary in BTC instead of fiat currency.
To rectify
As informed of By CNBC, Adams asked if he could correct a document filed with the Conflict of Interest Board because he misunderstood a question.
When asked if he owned any securities with a market capitalization of more than $1,000, including bonds, stocks, mutual funds, ETFs, or digital currencies, he replied “no.” However, a spokesperson for the mayor said that Adams thought the question only concerned securities, which is why he did not mention his bitcoin and ether holdings.
So far, the US CFTC has determined that only BTC is a commodity, while the situation with ETH remains uncertain. Gary Gensler – also chairman of the US Securities and Exchange Commission Claimed The only digital currency that can be classified as a commodity is bitcoin.
however, he Avoid A few months later, when questioned by the House Financial Services Committee, a direct explanation was given regarding ether.
It is unclear how much Adams’ crypto holdings are worth. He appears to be a supporter of bitcoin and promised to allow crypto to flourish during his mayoral campaign in 2021.
politician suggested Children should be studying the primary digital asset and its underlying blockchain technology in schools. Adams also hinted that his cabinet may allow local businesses to accept crypto as payment.
Upon starting his new political role, he vowed to take his first three salaries in bitcoin instead of US dollars. He confirmed again Their move in January 2022 (despite indications that the market may enter a bearish state).
Miami’s mayor is also a HODLer
The coverage further added that the mayor of Miami – Francis Suarez – reported cryptocurrency holdings of over $70,000 at the end of 2022. The 45-year-old, who last month joined the US presidential race, became The first US politician to receive his salary in bitcoin in November 2021.
He accepted Being a HODLer several months before that, he said that he had invested in BTC and ETH. He bought bitcoin “in the high 30s,” meaning his investment is still at risk. However, Ether was worth around $1,500 when it entered the ecosystem, while it currently trades at around $2K.
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[ad_1]
New York City Mayor Eric Adams has pledged to amend his annual financial disclosure form after he reportedly failed to include his cryptocurrency holdings.
The former police officer is a vocal supporter of bitcoin and receives some of his salary in BTC instead of fiat currency.
To rectify
As informed of By CNBC, Adams asked if he could correct a document filed with the Conflict of Interest Board because he misunderstood a question.
When asked if he owned any securities with a market capitalization of more than $1,000, including bonds, stocks, mutual funds, ETFs, or digital currencies, he replied “no.” However, a spokesperson for the mayor said that Adams thought the question only concerned securities, which is why he did not mention his bitcoin and ether holdings.
So far, the US CFTC has determined that only BTC is a commodity, while the situation with ETH remains uncertain. Gary Gensler – also chairman of the US Securities and Exchange Commission Claimed The only digital currency that can be classified as a commodity is bitcoin.
however, he Avoid A few months later, when questioned by the House Financial Services Committee, a direct explanation was given regarding ether.
It is unclear how much Adams’ crypto holdings are worth. He appears to be a supporter of bitcoin and promised to allow crypto to flourish during his mayoral campaign in 2021.
politician suggested Children should be studying the primary digital asset and its underlying blockchain technology in schools. Adams also hinted that his cabinet may allow local businesses to accept crypto as payment.
Upon starting his new political role, he vowed to take his first three salaries in bitcoin instead of US dollars. He confirmed again Their move in January 2022 (despite indications that the market may enter a bearish state).
Miami’s mayor is also a HODLer
The coverage further added that the mayor of Miami – Francis Suarez – reported cryptocurrency holdings of over $70,000 at the end of 2022. The 45-year-old, who last month joined the US presidential race, became The first US politician to receive his salary in bitcoin in November 2021.
He accepted Being a HODLer several months before that, he said that he had invested in BTC and ETH. He bought bitcoin “in the high 30s,” meaning his investment is still at risk. However, Ether was worth around $1,500 when it entered the ecosystem, while it currently trades at around $2K.
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off fees on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
