NYC Mayor-elect wants to make the city the center of crypto and innovation.

In an interview with CNN Business Sunday, New York City Mayor-elect Eric Adams talked about making NYC the center for innovation and cryptocurrency. He also explained the reasoning behind his tweet, saying that he will take his first three paychecks in bitcoin. Earlier, New York mayor-elect had said that he would accept paycheck in bitcoin.

Eric Adams plans on making New York a center for the crypto hub.

Adams was asked, “Would you encourage businesses in New York City to accept bitcoin or other cryptocurrencies?” He replied: “We are going to look at it. We are going to tread carefully. We are going to get it right.” He proceeded to explain: “l want to send a signal. This city was the Empire State. This is the center of innovation, self-driving cars, drone development, cybersecurity, life sciences. So when I talked about blockchain and bitcoin, young people on the street stopped and asked me: ‘What is that? What it is about?”

“We are going to be the center of all technology.”

Earlier in June, Adams promised his supporters: “In one year, one year, you’re going to see a different city … We’re going to bring businesses here. We’re going to become the center of life science, the center of cybersecurity, the center of self-driving cars, drones, the center of bitcoins. We are going to be the center of all technology.” Adams was also asked to comment on a tweet about him by Jason Furman, professor at Harvard University and chair of the Council of Economic Advisers during the Obama Administration. Responding to Adams’ announcement that he would take his first three paychecks in bitcoin, Furman tweeted Thursday: “Not only is this a bad economic strategy for NYC and a bad investment decision, [but] it also seems like a conflict of interest.”