The crypto-friendly Mayor of New York City, Eric Adams, has announced the suspension of his re-election campaign

BlockBeats News, on September 29, New York City Mayor Eric Adams announced the suspension of his mayoral re-election campaign, with media speculating that campaign finance issues were the primary reason for his withdrawal. Adams has been a vocal supporter of cryptocurrency, having previously taken his first three paychecks in Bitcoin and leading the organization of New York's first cryptocurrency summit. Adams has also called for New York to repeal its BitLicense regulation to achieve greater Bitcoin circulation, a regulation that has made New York one of the most strictly regulated jurisdictions in the U.S. regarding cryptocurrency.