Former New York City Mayor Eric Adams has announced the launch of a new cryptocurrency called "NYC Token." The initiative aims to raise funds to combat anti-Semitism, anti-American sentiment, and promote blockchain education for children. Adams introduced the token in Times Square but did not disclose details about partners, issuance timeline, fund allocation, or specific mechanisms. He stated that ordinary New Yorkers could invest in the token. During his tenure, Adams was a strong advocate for the crypto industry, though he faced criticism over ethical and conflict of interest issues. Current Mayor Zohran Mamdani has stated he will not purchase the token.