NYC Mayor takes pay reduce as cryptocurrency market plunges


Conference Of Mayors Held In Washington, DC
NYC Mayor Eric Adams obtained his first paycheck in cryptocurrency. | Picture by Alex Wong / Getty Photos

Even within the midst of a crypto droop, New York Metropolis Mayor Eric Adams isn’t backing out of his plans to take his first three paychecks in Bitcoin and Ethereum. Bitcoin fell beneath $36,000 on Friday — a 47 % dive from its all-time excessive in November — dragging the whole cryptocurrency market cap under $2 trillion.

Adams formally obtained his first paycheck yesterday, which was transformed to Bitcoin and Ethereum by way of cryptocurrency trade Coinbase. Based on the New York Publish, the NYC mayor receives biweekly paychecks of about $5,900, amounting to a wage of $258,750 a yr. Adams didn’t reveal how a lot of his $5,900 examine is break up between…

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