Eric Adams

Eric Adams is the former mayor of New York City. He is newsworthy because a cryptocurrency, NYC Token, which he previously promoted, is now facing allegations of being a "rug pull" scam, where its value rapidly plummeted after an initial surge. This has brought renewed attention to Adams' past endorsement of the coin. The current mayor, Zohran Mamdani, is now in office and dealing with issues such as reversing the TikTok ban, addressing the deaths of homeless individuals, and proposing new budget measures. Adams' actions, specifically the executive order targeting Israel divestment issued shortly before leaving office, also remain relevant as they set a precedent for the current administration.