NYC Mayor Eric Adams voices support for NYC Token

New York City Mayor Eric Adams publicly supported the NYC Token at a press conference in Times Square, according to Decrypt. Adams described the token as a commemorative asset and stated that proceeds will be used to combat antisemitism and anti-American sentiment, as well as to fund blockchain education. He explained that a significant portion of the funds raised will be allocated to non-profit organizations, historically Black colleges and universities (HBCUs), and scholarships for underprivileged groups. The NYC Token has not yet been officially launched, and Adams said he is not currently receiving any compensation for his involvement with the project.