Home
News
Details

Eric Adams Denies Profiting from NYC Token Launch

iconCoinomedia
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Eric Adams denies profiting from NYC token launch news, calling the claims false. He stressed his role was to support innovation and position New York as a tech hub. The incident has raised questions about transparency in crypto projects. New token listings continue to draw public and regulatory attention.
Eric Adams Denies Profiting from NYC Token Launch
  • Eric Adams denies financial gain from NYC Token project
  • Labels money movement accusations as “false”
  • Controversy emerges amid rising crypto-politics tension

Eric Adams Responds to NYC Token Allegations

Former New York City Mayor Eric Adams has come forward to reject recent allegations claiming he profited from the launch of the NYC Token. Adams labeled the accusations as “false,” specifically denying reports that he moved funds out of related crypto projects for personal gain.

The controversy erupted after reports began circulating that Adams may have financially benefited from the city’s blockchain initiative, raising questions about transparency and conflict of interest during his term.

“I Did Not Profit,” Says Adams

In a firm statement, Adams stated that he had no personal financial interest in the NYC Token and did not receive any profits from its development or launch. He emphasized his commitment to exploring innovative technologies like blockchain for public good — not personal enrichment.

“This was about innovation and advancing New York as a tech-forward city,” Adams said. “I did not, and would not, use public projects for personal gain.”

Adams was one of the earliest public officials to openly support cryptocurrencies and even pledged to receive his first paychecks as mayor in Bitcoin. His position made him a high-profile figure in crypto-political conversations.

LATEST: Former NYC Mayor Eric Adams says he did not profit from the NYC Token launch, calling reports of him moving money out "false." pic.twitter.com/jGvV2JBikL

— Cointelegraph (@Cointelegraph) January 15, 2026

Crypto and Politics: A Tense Intersection

The accusations against Adams have fueled broader debates about the intersection of crypto and politics. As more cities and officials embrace blockchain-based projects, transparency and accountability have become essential.

While Adams denies any wrongdoing, the incident highlights the scrutiny public figures face when aligning themselves with fast-moving financial technologies. For now, no formal investigation has been announced, but the public and media attention is unlikely to fade soon.

Read Also:

The post Eric Adams Denies Profiting from NYC Token Launch appeared first on CoinoMedia.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.