Pro-Crypto NYC Mayor Eric Adams Exits Reelection Bid Over Finance Woes

New York City Mayor Eric Adams abruptly ended his reelection campaign, citing financial constraints and relentless political speculation. His withdrawal reshapes the mayoral race weeks before the November election, with progressive Assemblyman Zohran Mamdani now the clear frontrunner.

The Campaign Finance Board's denial of public matching funds proved decisive. "Despite all we've achieved, I cannot continue," Adams stated in a Sunday video announcement. His campaign had struggled for months, with polls showing support dwindling to single digits amid a crowded field.

Political strategists suggest Adams' exit may consolidate moderate Democratic support, though Mamdani maintains a double-digit lead over independent Andrew Cuomo and Republican Curtis Sliwa. The development removes a potential spoiler effect that could have guaranteed progressive victory.