New York City Mayor Eric Adams, who supports Crypto Assets, has withdrawn from the re-election campaign due to financial difficulties.

Golden Finance reports that New York City Mayor Eric Adams announced the suspension of his re-election campaign, citing various media speculations and campaign funding issues. Adams did not endorse any of the major opponents: Democratic nominee Jumaane Williams, former New York Governor Andrew Cuomo, and Republican nominee Curtis Sliwa. As a Crypto Assets advocate, Adams had previously received his first three paychecks in Bitcoin and convened a summit with local crypto companies.