- New York City Mayor Eric Adams has been indicted on multiple federal charges, including bribery and wire fraud
- The charges stem from allegations that Adams solicited illegal campaign donations from foreign nationals, particularly Turkish officials
- Despite the indictment, Adams has reiterated his innocence and remains committed to his position, citing his ongoing dedication to New Yorkers
New York City Mayor Eric Adams has been indicted on federal charges following a long-running corruption investigation. The charges, which include bribery and wire fraud, revolve around allegations that Adams illegally accepted donations from foreign nationals, particularly Turkish officials, during his 2021 mayoral campaign. Adams, who has been supportive of Bitcoin and the wider crypto sector since his run for mayor, has expressed his intention to fight the charges while refusing to step down from his position.
Adams Took First Paycheques in BTC and ETH
The indictment is a major blow for Adams, who has been a vocal proponent of cryptocurrency during his time in office. He famously took his first three mayoral paychecks in bitcoins and ether, and he positioned New York City as a future hub for the cryptocurrency industry. However, the current legal challenges could overshadow his efforts to support digital innovation in the city.
According to federal prosecutors, the investigation uncovered evidence that Adams accepted illicit donations from Turkish businessmen and even pressured local officials to approve the construction of a Turkish consulate, despite safety concerns.
“I Am Innocent”
The charges have sparked significant political backlash, with some lawmakers, including Rep. Alexandria Ocasio-Cortez, calling for Adams to resign. However, Adams remains defiant, stating, “If I am charged, I am innocent, and I will fight this with every ounce of my strength and spirit”.
As the legal process unfolds, the future of Adams’ political career—and his legacy as a crypto advocate—hangs in the balance. The case underscores the broader challenges facing public officials who engage with the fast-evolving world of digital assets while navigating ethical and legal boundaries.
