NYC’s pro-crypto mayor Eric Adams indicted on corruption charges

New York City Mayor Eric Adams has been indicted following a federal corruption investigation, becoming the first sitting mayor in New York’s history to be charged while in office.

Adams’ indictment remains sealed and it is unclear what charges he faces, according to a Sept. 25 report from The New York Times citing sources familiar with the matter.

He is likely set to face court on Sept. 26 where the indictment is to be unsealed and the scope of his charges will be revealed.

Adams maintained his innocence in a statement to the New York Post, saying that he would fight to prove his innocence.

“I always knew that if I stood my ground for New Yorkers that I would be a target — and a target I became,” Adams said.

“If I am charged, I am innocent, and I will fight this with every ounce of my strength and spirit.”

The charges come following an investigation by the Federal Bureau of Investigation (FBI) in November 2023, which searched Adam’s personal electronic devices concerning suspected illegal donations from the Turkish government in 2021.

Adams has been a long-time proponent of cryptocurrency and Bitcoin (BTC), taking his first three paychecks in BTC and Ether (ETH) and promising to make New York the “center of the cryptocurrency industry” when he was elected mayor in 2021.

This is a developing story, and further information will be added as it becomes available.