Adams has reportedly pledged to correct his annual financial disclosure form filed with the Conflicts of Interest Board, after failing to report his cryptocurrency holdings.
Adams' pro-crypto platform was part of the politician's efforts to give Miami a run for its money as one of the country's top destinations for industry enthusiasts.
Miami mayor Francis Suarez's progressive crypto policies drew start-ups, venture firms, and crypto exchanges to Florida during the pandemic. Meanwhile, lawmakers in New York have enacted some of the country's most stringent and restrictive rules on the crypto industry.of $71,321 at the end of 2022, according to documents obtained by The Miami Herald via the county elections department.
It is unclear whether Suarez converted some of his crypto holdings into fiat cash, since his annual salary is $130,000, or whether his mayoral income dwindled due to bear market pricing. CNBC reached out to Suarez's team but did not immediately hear back.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NYC Council holds hearing on Adams' response to Canadian wildfire smokeNew York City Council held a hearing to look at Mayor Eric Adams' response to the Canadian wildfire smoke on Wednesday.
Read more »
Mayor Adams fires back at NYC Council for criticisms about air quality alertsThe Adams administration mounted a full-throated defense before the City Council on Wednesday of its handling of the air quality crisis in early June, when blanket of soot-filled smog from Canadian…
Read more »
Adams administration faults state air quality forecasts at heated NYC Council hearingAt a New York City Council hearing on Wednesday, municipal agency heads were grilled about what they knew and when they acted during the wildfire smoke crisis in early June.
Read more »
City Hall braces for NYC Council to override Mayor Adams’ housing vetoThe New York City Council is set to override a mayoral veto for the first time in a decade Thursday to push through a series of measures that will nix the waiting period of the Big Apple’s ho…
Read more »
New York City Council expected to override Mayor Eric Adams' veto on housing voucher billsThe mayor's office says the package of bills could cost the city up to $17 billion over the next five years.
Read more »
NYC Council overrides Mayor Adams’ veto on housing bills by wide marginThe New York City Council voted 42-8 to override Mayor Eric Adams’ veto of housing bills that would expand rental assistance, dealing the mayor his first major legislative blow in a rare showdown between the two main branches of the city's government.
Read more »