The Mayor of New York reminded about plans to make the city a global crypto capital.

Froklog · 2025-05-13T15:35:48+00:00

Mayor of New York reiterates plans to make the city a global crypto capital, focusing on the positive impact on financial inclusion. Collaboration with tech companies emphasized for industry advancement. Mayor Adams encourages business involvement in crypto, blockchain, Web3, and fintech.

Froklog

2025-05-13 15:35:48

Abstract generation in progress

The Mayor of New York reminded about plans to make the city a global crypto capital

New York Mayor Eric Adams confirmed his goal of making the city the crypto capital of the world. The official made this statement ahead of the upcoming May 20 first summit dedicated to digital assets.

“We are focused on the long-term values of these technologies […], rather than chasing memes or trends,” Adams pointed out.

He mentioned the positive impact of cryptocurrencies and blockchain on the low-income population of the city, which faces barriers to accessing financial services.

According to the mayor, the summit is expected to lead to a “cross-pollination” of ideas to push the metropolis industry in the “right direction.”

Adams promised to collaborate with technology companies and create a friendly environment to help them succeed.

"If you work in the cryptocurrency, blockchain, Web3 or fintech space, New York is open for business", he explained.

The city’s CTO, Matt Fraser, noted the advantages of technology, particularly for facilitating access to important information such as birth and death records.

Recall that after being elected mayor, Adams stated that he would receive his first three salaries in bitcoin.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.