- NYC strengthens Crypto -Push with new advisory partnerships under the leadership of Mayor Eric Adams.
- Global crypto market stands beyond $ 3.4 T in the midst of political support and regulatory optimism.
While the US wins its position in the global crypto race, New York City positions itself as a central hub for innovation of digital assets.
Mayor of New York insists on crypto -innovation
Mayor Eric Adams, a long-term advocate for blockchain adoption, recently announced a renewed push to withdraw crypto companies to the city.
Speak on one press conference On 12 May in Gracie Mansion, Adams emphasized his intention to promote a more hospitable environment for both emerging startups and established technical giants in the digital assets space.
“We are focused on the long -term values of these technologies for our city and its people, not to chase memes or trends.”
While they reveal strategic collaborations with important financial figures, including June OU of Figure and Richie Hecker from Traction and Scale, who will now serve as advisers in shaping NYC’s digital assets route map, he added,
“If you are in the crypto, blockchain, web3 or the fintech room, New York City is open to business.”
In the midst of his re -election campaign, mayor confirmed his dedication to transform New York City into a flourishing crypto -hub.
He also promised to actively collaborate with crypto and technology companies to shape policy and initiatives that not only attract innovation, but also ensure long-term success for companies that choose to operate in the city.
“My goal remains the same as on the first day as mayor: New York City make the Crypto capital of the world.”
Is Trump behind this vision?
Unnecessary to say that Adams’ vision reflects the calls of former President Donald Trump to make the US the global capital of digital assets.
Since he took office in January 2022, Adams Crypto has made an important part of his political identity, even converted his first three salary into Bitcoin.
His financial disclosures in 2023 reflect modest companies in BTC, although he later implied that their value had increased considerably at the end of 2024.
Despite the fact that they are confronted in the past about alleged contributions from the foreign campaign contributions, a matter that was ultimately rejected with prejudice seems to be the political process of Adams strengthened by support from federal figures, including Trump himself.
Historically critical about the limiting Bitlicense framework imposed by the New York Department of Financial Services (NYDFS), Adams had once called for removal to promote innovation.
But in a recent shift he acknowledged the importance of protecting investor interests, indicating a more balanced attitude that could again define the regulatory attitude of the city and still encourage the growth of digital assets.
“But at the same time we can over regulate and prevent growth. There is a level of safety that is accompanied by the correct regulations, but over regulation can harm this industry and we don’t want that to happen.”
Current market conditions
This coincided with the global crypto market that regains the momentum when the US recovers from Trump’s turbulence.
From the last update of CoenteckoThe total market capitalization up to $ 3.42 trillion, a jump of 3.3% in the last 24 hours.
Although Bitcoin [BTC] Dumbled 2.4% to $ 102,782, the general prospects remain bullish, fed by improving the regulations and growing political support for digital assets in both New York and in national.