New York Mayor Eric Adams Ends Reelection Campaign, Leaving Crypto Initiatives in Limbo

New York Mayor Eric Adams has announced he will not seek a second term, citing challenges like the lack of public matching funds and scrutiny over his legal history. His departure raises concerns about the future of the city's pro-crypto initiatives, as Adams has been a prominent supporter of cryptocurrency. This decision marks a significant shift in New York's political landscape and its approach to digital currencies.