New York, NY – New York Mayor Eric Adams is making a pitch with crypto companies returning to the US or expanding their presence in the country: setting up a shop in New York City.
“This is the state of the empire,” Adams said in a press briefing at the Gracie Mansion on Monday. “We must expect the development of empires, especially in the crypto space.”
Adams, running for reelection, has again given his promise to making New York City a crypto hub, telling reporters that he will work with tech and crypto companies, both large and small, to create a gentle environment to attract them and help them succeed.
“My goal remains the same as today as mayor: New York City is doing the world’s crypto capital,” Adams said. His comments boast similar promises from President Donald Trump, who repeatedly said he wanted to make the US “crypto capital of the planet.”
Adams also draws inspiration from Trump in a different way: next week, he hosts New York City’s first Crypto Summit, which he said together with city officials and representatives from the Crypto industry to discuss ways the city will benefit from Crypto-and opposite. During an April Press release of the summit, the Adam administration described the event as “com (ing) on the heel of the White House Digital Asset Summit in March.”
“We will attract the talent to the world class, provide opportunities for communities to underbanked, and make the government easier to use,” Adams said. “We focus on the long -term values of these technologies for our city and its people, not chasing memes or trends.”
Earlier this year, the TRUMS officers in the Department of Justice have taught prosecutors in the Southern District of New York to drop corruption charges against Adams, leading to a racing release. The charges were removed with the care of a judge.
The New York crypto industry – as well as banking and insurance industries – is controlled by the New York Department of Financial Services (NYDFS), with a reputation as a tough regulator. NYDFS has released the well -known hard to get Bitlicense, a special license required to do business as a crypto company in New York. In the past, Adams was critical to Bitlicense, which claimed that it had been regulating and promoting it for scraping shortly after the office as mayor in 2022.
When asked about New York’s environment regulation on Monday, however, Adams seemed to be hurting a more tone of tone to NYDFS, saying “It’s good to know that the city will have safe regulations in the area for investors, and there will be no abusers.”
“But at the same time, we can regulate and avoid growing,” Adams added. “There is a level of safety with proper regulations, but overregulations can hurt this industry and we don’t want that to happen.”
