As the New York crypto summit approaches, Mayor Eric Adams is making it clear: he wants the New York City to lead the world in digital finances.
Speech Faced with journalists on Monday together with the city’s technology director, Adams reiterated his ambition to turn the city into a global cryptography power. He pointed out his early support for the industry, remembering that he turned his first three payment checks of the Mayor’s Office in Cryptocurrencies in 2022, as a long -term compromise sign, not political position.
The next week will bring together the best cryptographic companies to explore how the industry can be associated with the city. But Adams’s ambitions go beyond network events: he is rejecting what he sees as too strict regulations, including the controversial bitlicans of the New York Financial Services Department (NYDFS), a long -standing barrier for new encryption companies operating in the state.
Even so, Adams acknowledged that supervision is necessary, especially to protect investors. “Regulations must achieve the correct balance,” he said, warning that excessive rules could suffocate innovation in one of the fastest growing sectors of the city.
Framing the emergence of blockchain, tokenization and cryptography as a “technological revolution”, the mayor emphasized that this is no longer a future -oriented vision. “The moment is now,” he said, positioning New York not only as a financial capital, but as Fintech’s heartbeat.
While preparing for re-election, Adams is aligning with a broader movement of pro-critical policies voices, echoing feelings shared by figures such as Donald Trump, which has also changed towards a more friendly posture with cryptographic.
Alexander Stefanov
Reporter in Coindoo
Alex is an experienced financial journalist and an enthusiast of cryptocurrency and blockchain. With more than 8 years of experience covered by the cryptovas, blockchain and Fintech industries, deeply comprises the complex and constantly evolution world of digital assets. Its insightful and stimulating articles provide readers with a clear image of the latest developments and trends in the market. Your passionate approach allows you to divide complex ideas into accessible and insightful content. Monitor your content to be up to date with the most important tendencies and issues.
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