““We’re in the Midst of Nothing Short of A Technological Revolution,” Adams SAID AT A MONDAY PRESS BRIEFING. “IT’s not the Future, it is here and it’s here now.””, – WRITE: www.coindesk.com
“This is the Empire State,” Adams SAID AT A Press Briefing at Gracie Mansion on Monday. “We Should be Looking Forward to Building Empires, Particularly in the Crypto Space.”
Adams, Who Is Running for Reelection, Reiterated His Commitment to Making New York City A Crypto Hub, Telling Reporters That Hold Work With Tech and Crypto Crypanies, Both bt. Environment to Attract Them and Help them Succeed.
“My Goal Remains the Same As It Was on Day One As Mayor: Making New York City The Crypto Capital of the Globe,” Adams Said. His remarks echo similear Pledges from President Donald Trump, Who Has Repeatedly Said He Wants To Make the Us of Us The “Crypto Capital of the Planet.”
Adams is Also Taking Inspiration from Trump in Another Way: Next Week, He’s Hosting New York City’s First-Aver Crypto Summit, Which He Said Will Bringer Cias Industry to Discusses Ways The City Can Benefit From Crypto – and Vice Versa. In an april press release Announcing the Summit, Adam’s Administration Described the Event As “com[ing] On the Heels of the White House Digital Asset Summit in March. ”
“We’re Going to Attract World-Class Talent, Provide Opportunities for Underbanked Communities, and Make Government More User-Friendly,“ Adams Said. “We are focused on the Long term values of these Technologies for Our City and Its People, Not Chasing Memes or Trends.”
Earlier this year, Trump’s APPOINTED Officials at the Department of Justice Directed ProseCutors in the Southern District of New York to Drop Corruption Charges Against Adams The Charges Were Dismissed With Prejudice by a Judge.
New York’s Crypto Industry – As Well As Banking and Insurance Industries – is Regulated by the New York Department of Financial Services (Nydfs), Which Has A Report. Nydfs Issues of the Notorioously Difficult-To-Get Bitlicense, A Special License Required to Do Business As A Crypto Company in New York. In the past, adams have been cryitical of the bitlicense, claiming that it stifled regulation and advocating for scraping it shortly after tapping Office as mayor in 2022.
WHen Asked About New York’s Regulatory Environment on Monday, However, Adams Seemed to Strike a More Concilaratory Tones Nydfs, Saying that “IT’S GOODING TO KNOK Place for Those Who Are Investing, and There’s Not Going to Be Any Abuses. ”
“But at Same Time, We Can Overregate and Prevent Growth,“ Adams Added. “There’s A Level of Safety that Comes with the Right Regulations, But OverRegulations Can Hurt this Industry and We Don’t Want that to Happen.”
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