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Mayor-Elect Eric Adams Says First 3 Paychecks Will Be in Bitcoin To Boost Cryptocurrency Industry in New York

New York City Mayor-Elect Eric Adams recently said that he would be taking his first three paychecks after coming into office in January in Bitcoin. The Brooklyn Democrat's announcement aims to bolster the cryptocurrency industry in the region.

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Eric Adams wants Bitcoin payments as NYC mayor

Eric Adams wants Bitcoin payments as NYC mayor
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'Massive wake-up call': Crypto faces growing legal crackdown

'Massive wake-up call': Crypto faces growing legal crackdown
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Can Ripple Labs beat the SEC in court?

REGISTER NOW Seven months into its legal showdown with the Securities and Exchange Commission, Ripple Labs faces an uphill battle against the government s case that it sold unregistered securities, according to a number of experts. That said, the San Francisco cryptocurrency company has assembled a high-priced legal team including former SEC commissioner Mary Jo White that has come out swinging. It has scored several early points, including getting U.S. Magistrate Judge Sarah Netburn s approval last week to depose a former division director of the SEC over the agency s objections. An SEC lawsuit filed in December accuses Ripple of violating federal securities laws. The company sold more than 14.6 billion units of XRP for $1.38 billion to fund Ripple’s operations, and to enrich its founders and current CEO, without registering those offers and sales of XRP with the commission, according to the suit.

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Ripple Is Braced For A Bombshell As XRP Nears Price 'Death Cross'

Ripple Is Braced For A Bombshell As XRP Nears Price 'Death Cross'
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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