The crypto enthusiasm of the former New York City mayor continues to stir debate. His administration's backing of NYCCoin — a now-defunct municipal cryptocurrency project — remains a cautionary tale in the space. Despite the project's collapse, similar ventures keep surfacing, raising questions about whether city-backed digital assets can ever succeed in a volatile market. The episode underscores the risks when political figures venture into crypto without proper market risk assessment.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)