Introduction
If you’re into blockchain, tokens, Web3, or just want to pay for your pizza with something unreasonably volatile—pack your bags. According to Mayor Eric Adams, New York City is now open for crypto business.
In a press conference at Gracie Mansion (aka the fanciest backyard in NYC politics), Adams declared his latest mission: turning the Big Apple into the world’s leading crypto capital. Meanwhile advisors like June Ou of Figure and Richie Hecker of Traction and Scale now joining forces to shape NYC’s digital asset game plan, the mayor isn’t just tossing buzzwords—he’s building a roadmap.
“Crypto isn’t a meme to us”
Adams said, clearly throwing shade at pump-and-dump tokens everywhere.
Trump Vibes, Paychecks in Bitcoin, and BitLicense Drama
Let’s be real—Mayor Adams’ crypto enthusiasm didn’t pop out of thin air. Since taking office in early 2022, he’s been flexing his blockchain cred. Remember those first three paychecks he took in Bitcoin? Yeah, that wasn’t just a PR stunt (okay, maybe a little). It was the first step in a broader plan to merge fintech and city hall.
His support for digital assets even seems to echo a familiar voice from Mar-a-Lago. Like former President Donald Trump, Adams has floated bold ideas—like scrapping the infamous BitLicense altogether. Though he’s since toned that down, Meanwhile now preaching the gospel of “balance between innovation and investor protection,” he still maintains that overregulation is a fast-track to losing the race for global tech dominance.
And for those raising eyebrows about his past campaign finance controversy? That’s in the rearview mirror—dismissed with prejudice, thank you very much.
A Timely Pivot as Crypto Markets Heat Up Again
All this pro-crypto chatter isn’t happening in a vacuum. Globally, the crypto market is pumping harder than your local spin class. According to CoinGecko, the total market cap has surged to $3.42 trillion—a 3.3% jump in just 24 hours. And, Bitcoin took a small breather and dipped 2.4% to $102,782, but the overall mood? Still very much “to the moon.”
Will NYC Actually Become the Crypto Capital of the World?
That’s the multi-billion-dollar question. Adams insists this isn’t campaign season grandstanding—though yes, he is up for re-election. He says he’s committed to working with innovators, not just waving at them from City Hall. His promise? A city where startups can grow, capital can flow, and crypto can finally be more than a headline.
So, is this the dawn of a new digital Wall Street—or just another New York minute of hype? Meanwhile, one thing’s for sure: the race to crypto supremacy just got a lot more crowded. And NYC wants to be in the lead, dressed in a sharp suit and holding a Ledger wallet.
