NYC Mayor Fails To Disclose BTC, ETH Holdings In Financial Disclosure
NYC Mayor Eric Adams to amend his financial disclosure form and include his Bitcoin and Ethereum holdings. A spokesperson reported that Adams misunderstood the question on the form and believed it only referred to traditional securities. Deputy Mayor Phil Banks and adviser Timothy Pearson disclosed their specific Bitcoin and Ethereum holdings. NYC Mayor Eric Adams announced that he will revise his financial disclosure form after it was highlighted that the form didn’t include any information about his Bitcoin and Ethereum holding. In this year’s form submitted to the city Conflicts of Interest Board, Adams responded negatively to a query regarding his possession of any financial assets with a value of $1,000 or higher at the end of 2022. These assets include securities such as stocks, bonds, ETFs, mutual funds, or cryptocurrencies. According to CNBC, a spokesperson on Adam’s behalf named Fabien Levy, shared that the mayor failed to dis close his sha...