New York Mayor Eric Adams Aims to Establish City as Global Crypto Hub

New York City Mayor Eric Adams has announced plans to position the metropolis as the world’s preeminent cryptocurrency center. The initiative will launch with the city’s first official crypto summit next week, bringing together policymakers and industry leaders.

"This is the Empire State," Adams declared at a Gracie Mansion press conference. "We should be building empires, especially in the crypto space." The event follows March’s White House Digital Asset Summit, signaling growing institutional engagement with blockchain technologies.

The summit aims to explore symbiotic relationships between municipal governance and digital asset innovation. Adams’ administration anticipates the initiative will attract top-tier talent and create economic opportunities, though specific policy measures remain undisclosed.