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 
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 ETFs. Though the mayor did not explicitly state what percentage of the fund would be in crypto, he said it would be sim