New York Mayor Eric Adams says schools should teach cryptocurrency

Eric Adams, Democratic candidate for mayor of New York (center).
  • Eric Adams from New York said in an interview with CNN that he believes schools should start teaching their students crypto technology.
  • The comments come days after Adams said he would accept his first paychecks as mayor of New York in bitcoin.
  • Part of the incoming mayor’s political platform includes transforming the city into a bitcoin hub for the U.S. crypto community.

New York City Mayor-elect Eric Adams may not have been sworn in until 2022, but he’s already set to change policies around bitcoin and blockchains.

Adams wants schools to teach children about cryptocurrency technology, he said in an interview with CNN’s “State of the Union,” in order to educate young people about how bitcoin and cryptocurrency work.

“Cryptocurrency is a new way to pay for goods and services, Adams said. “We need to open our schools to teach technology, to teach this new way of thinking when it comes to paying for goods and services.”

Teaching cryptocurrency in schools isn’t necessarily new, with local high school students at the university level starting to incorporate crypto topics into their curriculum. Adams did not specify at what level of education he would like to see crypto enter the program.

However, the push towards a more crypto-friendly New York City comes with criticism as well. Jason Furman, professor at Harvard and former member of the Council of Economic Advisors under the Obama administration, said in a tweet that Adams’ crypto plan was a “bad economic strategy for NYC”.

“It also sounds like a conflict of interest,” Furman said. Like a mayor announcing, ‘I buy a lot of Amazon stocks, then I’m going to put policies in place to benefit Amazon. “

Adam’s statements about crypto in schools came days after he commented in a thread to crypto-financier Anthony Pompliano that he would accept his first three payments as mayor in bitcoin. Adams tried to outsmart Miami Mayor Francis Suarez, who previously said he would accept his next bitcoin paycheck, as part of his ongoing platform to turn the Big Apple into a hub of innovation. and cryptography.

Adams also responded to the question of whether he would encourage New York traders to start embracing cryptocurrency in their transactions, saying, “We’re going to look at it and we’re going to be cautious. We’re fine. do things.”

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