NYC Mayor Eric Adams Backs Bitcoin Before Crypto Summit

Eric Adams Renews Bitcoin Endorsement: NYC’s Vision as Crypto Capital

Adams’s reaffirmation of Bitcoin aligns with broader ambitions to position New York as a key player in the digital asset market and enhance technological infrastructure.

Eric Adams, alongside NYC CTO Matthew Fraser, supports blockchain for secure access to civic records, moving beyond finance. Fraser’s comments reflect potential governmental use, enhancing transactional security. Co-hosts June Ou and Richie Hecker add fintech expertise, spotlighting innovative applications.

“My goal remains the same as it was on day one as mayor, making New York City the crypto capital of the globe. And as you remember, I supported crypto long before any of my mayoral peers. I was the first American mayor to have my initial three paychecks converted into crypto way back in 2022. Many people laughed at me, and all I can say is, who’s laughing now?” — Eric Adams, Mayor, New York City

The event could stimulate New York’s crypto ecosystem , promoting Bitcoin and Ethereum. Financial players, overseeing over $1 trillion, may shift focus to NYC, aligning with regulatory frameworks. NYC aims to match or exceed Miami’s successes, increasing local token adoption by attracting startups and investment.

The summit’s discussions might inspire formal partnerships, addressing compliance under NYDFS regulations. Blockchain’s use in public records could streamline administrative processes. Adams’s continued prioritization of digital assets underscores potential growth and institutional collaboration .

Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.