This mayoral candidate guarantees to make NYC the “most cryptocurrency-friendly city in the nation”

By Palak Malhotra
Published September 4, 2021 Updated September 4, 2021
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This mayoral candidate guarantees to make NYC the “most cryptocurrency-friendly city in the nation”

By Palak Malhotra
Published September 4, 2021 Updated September 4, 2021

New York mayoral candidate Curtis Sliwa tweeted on 2nd September that upon winning, he would make sure New York City becomes the most cryptocurrency-friendly city in the nation. Sliwa clarified that his aim is not to merely modernize the economy, rather his focus lays in increasing its approachability.

Sliwa stated that Big Apple’s updated taxation policies will incorporate cryptocurrency payments for property taxes. Furthermore, virtual assets will be allowed fines & fees payment. The mayoral candidate also highlighted his plan for opening more crypto ATMs for convenient liquidation, along with incentivizing businesses to accept crypto for further encouraging and enabling the mass adoption of the decentralized system.

One after another candidate to use crypto in campaign

Curtis Sliwa is not the first candidate to integrate cryptocurrency into his campaigning strategy in NYC. In the month of June, we saw Eric Adams, the Democratic party also promised to make NYC a Bitcoin hub in a year’s span of getting elected.

“I promise you, in one year […] you’re going to see a different city. […]. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoin, we’re going to be the center of all the technology,”, Adams said.

Last month, Lake County Treasurer Holly Kim became the first-ever political candidate in Illinois to accept campaign contributions in crypto. Kim and the election board set up a website to allow the public to make crypto donations. Kim stated that she is open to almost all cryptocurrencies, such as Bitcoin, Dogecoin, Litecoin, Ethereum, Bitcoin Cash, and even Dai.

However, the election board stated that crypto payments will be considered as in-kind donations of corporate stock, instead of the traditional fiat. The state board also warned of crypto’s highly volatile nature, highlighting that in a short amount of time the value could either skyrocket or hit the ground.

Mayor Scott Conger of Jackson, Tennessee is another political figure who supports crypto. He tweeted in July that Bitcoin has the potential to be utilized as a tool to solve the problem of consistently rising inflation in the US.

 

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Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Palak Malhotra
429 Articles
Journalism & Mass Comm. ‘21 graduate, Palak is a GenZ journalist with background in Lifestyle journalism & PR. At CoinGape, Palak is a junior crypto journalist preparing for Web 3.0

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