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New York City Mayor Eric Adams has denied allegations surrounding the $NYC token, rejecting claims that he personally profited from the project. In a recent statement, he flatly stated he didn't receive a single dollar from $NYC and pushed back against suggestions that he moved funds improperly.
This public clarification comes amid ongoing scrutiny around municipal cryptocurrency initiatives. The $NYC token, designed as a digital civic currency, has drawn attention as cities explore blockchain integration. Adams' denial addresses investor concerns and regulatory questions about the project's legitimacy and the mayor's involvement.