đ¨ EX-NYC MAYOR BACKS A CRYPTO TOKEN
Former New York City mayor Eric Adams has publicly endorsed a cryptocurrency called NYC Token, calling it a âcommemorative assetâ during a press conference in Times Square.$ZEC
đ˝ What was said:
⢠Adams framed the token as a symbol of NYC culture and innovation
⢠Emphasized commemoration, not investment returns
⢠No formal city backing or official government issuance confirmed
â ď¸ Why itâs controversial:$LINK
Political figures endorsing crypto â even as âcommemorativeâ assets â often raise concerns around:
⢠Investor confusion
⢠Implied legitimacy
⢠Regulatory scrutiny
đ Big picture:
This highlights how crypto continues to intersect with politics, branding, and public influence, even as regulators push for clearer boundaries between promotion and governance.$SUI
đ Expect debate over where symbolic support ends â and financial responsibility begins.
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