May 14, 2025
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New York mayor confirmed the intention to make the city cryptostoly

New York Mayor, Eric Adams, recalled its purpose to turn a metropolis into a global cryptocurrency industry. He stated this on the eve of the First City Summit on Digital Assets, which will take place on May 20. “We are focused on the long -term value of these technologies, not the pursuit of memes or fashion trends,” Adams emphasized. He noted that cryptocurrency and blockchain can have a positive effect on the low-income population of New York, which often has limited access to traditional financial […]”, – WRITE: Businessua.com.ua

New York mayor confirmed the intention to make the city cryptostolya - Infbusiness

New York Mayor, Eric Adams, recalled its purpose to turn a metropolis into a global cryptocurrency industry. He stated this on the eve of the first city summit From the digital assets that will take place on May 20.

“We are focused on the long -term value of these technologies, not the pursuit of memes or fashion trends,” Adams emphasized.

He noted that cryptocurrency and blockchain can have a positive effect on the low-income population of New York, which often has limited access to traditional financial services.

According to the mayor, the summit should become a platform for “cross -pollination” of ideas and finding directions of further development of the industry in the city.

Adams promised to cooperate with technology companies and create a favorable environment for their growth:

“If you work in the crypt, blockchain, Web3 or Fintech-New York open to business,” he said.

Separately, the technical director of Matt Fraser noted the potential of blockchain in the field of access to important information – such as birth or death.

After election of the mayor, Eric Adams promised to receive his first three salaries in bitcoin.

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