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Mayor hosts campaign fundraiser during taxpayer-funded trip

Eric Adams organized a fundraiser at a bitcoin convention in Las Vegas with public funds.

May 29, 2025 at 01:05 PM

Mayor Adams uses taxpayer-funded crypto trip to fundraise

Mayor Eric Adams funded his Las Vegas trip to a bitcoin convention by hosting a campaign fundraiser.

Mayor Adams turns Las Vegas crypto trip into campaign fundraiser

Mayor Eric Adams used his taxpayer-funded trip to a bitcoin convention in Las Vegas as an opportunity to host a campaign fundraiser. This event, held at Maggiano's Little Italy, invited attendees to contribute up to their maximum limit. The NYC Chief Technology Officer introduced the mayor, promoting the city's commitment to embracing digital currencies. Adams emphasized New York's willingness to support the crypto industry during the event, which blurred the lines between official duties and campaign activities.

Key Takeaways

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Mayor Adams used taxpayer funds to host a campaign fundraiser in Las Vegas.

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The event blurred lines between city business and campaign strategy.

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Adams' approval ratings are historically low despite his fundraising efforts.

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Concerns arise over the use of public funds for campaign activities.

"We see [crypto] as a necessary tool like running water."

Matt Fraser emphasized the importance of cryptocurrency for NYC.

"We are open for business."

Mayor Adams declared NYC's welcoming attitude towards the crypto industry.

"This was a professional engagement, unrelated to any campaign activity."

A campaign spokesperson defended the nature of Fraser's participation.

"Adams' approval rating is at historic lows of 19%."

This statistic highlights the mayor's struggles with public perception.

This incident raises concerns about the use of public funds for political gain. While Adams promotes New York as a hub for cryptocurrency, his late-stage attempts to engage with the crypto community could appear as opportunism rather than a genuine policy stance. As his approval ratings remain low, the effectiveness of using official visits to raise campaign funds remains questionable.