NYC Mayor Adams on Crypto: Long-Term Vision, Not Short-Term Gains
New York City Mayor Eric Adams recently reaffirmed his commitment to establishing NYC as a global crypto hub. He emphasized a focus on the long-term potential of crypto and blockchain, particularly for the city's underbanked population. Adams stated that the city's strategy is about building lasting value, not chasing fleeting trends.
NYC's Crypto Summit
NYC is hosting its first-ever crypto summit on May 20th, with Mayor Adams and CTO Matt Fraser in attendance. The event aims to foster collaboration and innovation within the city's burgeoning crypto and blockchain sector. Fraser highlighted the potential of blockchain beyond finance, including applications for improving access to vital records.
Adams' Crypto Stance
Mayor Adams is a known crypto enthusiast, having famously received his first paychecks in Bitcoin and Ether. He reiterated his dedication to creating a business-friendly environment for crypto, blockchain, Web3, and fintech companies in NYC.
Beyond the Headlines
While the focus is on the crypto initiative, it's worth noting that Mayor Adams is currently running for reelection as an independent candidate. Recently, federal charges against him were dismissed.
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