As he campaigns for reelection, New York City Mayor Eric Adams has reiterated his ambition to position the city as a global hub for cryptocurrency and fintech innovation.
In a recent address, Adams expressed enthusiasm about the transformative potential of technology, particularly in the realms of crypto and blockchain.
Adams is particularly focused on the impact of these innovations on underbanked communities, which have historically faced barriers to accessing financial services.
The mayor reminisced about his pioneering decision to convert his first three paychecks into cryptocurrency in 2022, a move that was met with skepticism at the time.
In a bid to solidify New York’s status as a leader in the crypto space, Adams announced the upcoming New York City Crypto Summit, scheduled for May 20th at Gracie Mansion.
The event promises to facilitate a cross-pollination of ideas and methods that will guide the future of the industry, with a strong emphasis on economic development and public service through digital assets.
Adams underscored the importance of creating a supportive environment for tech companies, ranging from startups to established giants, to thrive in New York City.
As the summit approaches, Adams looks forward to the contributions of notable figures in the digital asset space, such as June Ou, co-founder of Figure Firm, and Richie Hecker, CEO of Traction and Scale.
Featured image from DALL-E, chart from TradingView.com
