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Bitcoin Cointelegraph

NYC mayor stands by Bitcoin pledge amid bear market, FTX: Report

During Eric Adams’ time in office, the NY state government passed a law that will implement a two-year moratorium on non-renewable proof-of-work mining and the crypto market turned bearish.

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

NYC mayor stands by Bitcoin pledge amid bear market, FTX: Report

During Eric Adams’ time in office, the NY state government passed a law that will implement a two-year moratorium on non-renewable proof-of-work mining and the crypto market turned bearish.

Why this matters

This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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