NYC Mayor Eric Adams: Make New York the 'Crypto Capital' of the World
New York City will host its first official crypto summit on May 20, aiming to establish the city as the global crypto capital. Mayor Eric Adams highlighted the city's growing blockchain sector and its potential to enhance financial inclusion for historically marginalized communities. He emphasized his commitment to crypto since converting his paychecks into Bitcoin and Ethereum in January 2022. The summit will facilitate collaboration between public officials and private innovators, focusing on long-term benefits rather than trends like memecoins. Adams advocates for balanced regulation that protects investors without stifling innovation, asserting that New York should foster a crypto-friendly environment. He plans to run as an independent candidate in the upcoming election, citing challenges from a federal corruption investigation that he denies.
