Mayor Steven Fulop said he had been a “long-time believer“ in crypto but did not appear to have mentioned Bitcoin or other tokens before July 25.
Steven Fulop, the mayor of Jersey City since 2013, suggested he planned to allocate part of the city’s pension fund to crypto exchange-traded funds, or ETFs.
In a July 25 X Post, Mayor Fulop said the Jersey City pension fund was updating its paperwork with the United States Securities and Exchange Commission (SEC) to reflect an investment in Bitcoin (BTC) ETFs. Though the mayor did not explicitly state what percentage of the fund would be in crypto, he said it would be similar to the 2% allocated by the Wisconsin Pension Fund.
“I’ve been a long time believer (through ups/downs) in crypto but Broadly [sic], beyond crypto I do believe blockchain is amongst the most important new technology innovations since the internet,” said Fulop.
