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NYC Mayor Eric Adams Doubles Down on Crypto—Launches Advisory Council to Court Blockchain Biz
NYC Mayor Eric Adams Doubles Down on Crypto—Launches Advisory Council to Court Blockchain Biz
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New York City is rolling out the red carpet for crypto—again. Mayor Eric Adams, a known Bitcoin booster, is assembling a ’Crypto Advisory Council’ to guide policy and (presumably) lure blockchain firms away from Miami and Singapore.
Why it matters: After his early paycheck-to-BTC stunts, Adams is institutionalizing his pro-crypto stance. The move signals NYC’s intent to compete in the ’digital asset hub’ arms race—despite regulators playing whack-a-mole with the industry.
The cynical take: Nothing solves a budget deficit like courting speculative capital. If the council’s first recommendation isn’t ’accept tax payments in USDC,’ we riot.
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