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Market News

NYC Pro-Crypto Mayor Eric Adams Faces Corruption Charges

Agents raided the home of Adams' chief fundraiser, Brianna Suggs, and searched the mayor’s devices.

Written By:
Dishita Malvania

Last updated: September 26, 2024 3:19 PM
Published 2024-09-26
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NYC Pro-Crypto Mayor Eric Adams Faces Corruption Charges

New York City Mayor Eric Adams has been indicted following a federal corruption investigation, making him the first mayor in the city’s history to face charges while in office. 

According to a Sept. 25 report by The New York Times, the charges remain sealed, and it is unclear exactly what Adams is being accused of. He is expected to appear in court on Sept. 26, when the indictment will be revealed.

Despite the serious allegations, Adams has proclaimed his innocence. In a statement to The New York Post, he said, “If I am charged, I am innocent, and I will fight this with every ounce of my strength and spirit.” He also added that he would not step down as mayor, even if charges were brought against him.

Source: Twitter

The indictment follows a November 2023 FBI investigation into illegal donations Adams allegedly received from the Turkish government in 2021. Agents raided the home of Adams’ chief fundraiser, Brianna Suggs, and searched the mayor’s devices. 

The investigation also examined whether Adams pressured city officials to approve a high-rise Turkish consulate despite safety concerns and whether he accepted luxurious flights on Turkish Airlines.

Adams, a long-time supporter of cryptocurrency, has been vocal about his pro-Bitcoin stance, taking his first paychecks in Bitcoin and Ether when he became mayor. However, his reputation now faces a significant challenge as the legal proceedings unfold.

Also Read: Hayden Adams Denies Uniswap Charged for Protocol Deployment

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.

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