NYC Mayor Eric Adams to Host Crypto Summit, Aims to Make City Global Crypto Capital
By: defi news|2025/05/12 23:30:06
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New York City Mayor Eric Adams has announced his ambition to transform the city into the global hub for cryptocurrency, aiming to make it 'the crypto capital of the globe.' Adams, who was the first American Mayor to convert his initial three paychecks into cryptocurrency, has faced skepticism but remains undeterred, stating, 'All I can say is, who's laughing now?'To further this objective, Adams is set to host New York City's first Crypto Summit next week, aimed at boosting industry ties and supporting long-term growth. He has invited crypto firms to establish operations in the city, emphasizing the need to balance regulation with industry growth. Adams also called for the removal of the BitLicense and the allowance of Worldcoin to operate in the city, indicating a shift from an anti-crypto to a pro-crypto stance.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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