New York Mayor Eric Adams Pushes for NYC to Become Global Crypto Hub

New York Mayor Eric Adams is aggressively courting cryptocurrency companies, urging them to establish operations in the city as part of his vision to make NYC the world’s leading crypto capital. Speaking at Gracie Mansion, Adams framed the appeal in grandiose terms: "This is the Empire State. We should be looking forward to building empires, particularly in the crypto space."

The mayor’s pitch comes as crypto firms increasingly consider U.S. expansion strategies. Adams emphasized his administration’s willingness to collaborate with both established players and startups, though the announcement notably lacked specific policy details. The push aligns with broader political trends, as evidenced by similar pro-crypto statements from former President Donald Trump during his administration.