New York, NY – The Mayor of New York, Eric Adams, is launching the cryptographic companies that return to the United States or expand their presence in the country: establish a store in New York City.
“This is the state of the empire,” Adams said at a press conference in Gracie Mansion on Monday. “We should be eager to build empires, particularly in cryptographic space.”
Adams, which is postulated for re -election, reiterated its commitment to make New York City a cryptographic center, telling journalists that it would work with technological and cryptographic companies, both large and small, to create a friendly environment to attract them and help them success.
“My goal remains the same as the first day as mayor: converting New York City the cryptographic capital of the world,” Adams said. His comments echo similar promises from President Donald Trump, who has repeatedly said that he wants to make the United States the “cryptographic capital of the planet.”
Adams is also inspired by Trump in another way: next week, he is the host of the first cryptographic summit of New York City, which he will bring together city officials and representatives of the cryptographic industry to discuss ways in which the city can benefit from cryptography, and vice versa. In an April press release announcing the summit, the Adam administration described the event as “com[ing] Just after the White House Digital Assets Summit. “
“We are going to attract world -class talent, provide opportunities for little bench communities and make the government easier to use,” Adams said. “We are focused on the long -term values of these technologies for our city and its people, not pursue memes or trends.”
Earlier this year, Trump’s designated officials in the Department of Justice ordered prosecutors in the Southern District of New York to leave the positions of corruption against Adams, which led to an exodus of career prosecutors. The charges were dismissed with prejudice by a judge.
The New York cryptographic industry, as well as its banking and insurance industries, is regulated by the New York Financial Services Department (NYDFS), which has a reputation as a difficult regulator. NYDFS issues Bitícense notoriously difficult to obtain, a special license required to do business as a cryptographic company in New York. In the past, Adams has criticized the Bitlicense, claiming that he suffocated the regulation and advocated discarding it shortly after assuming the position as mayor in 2022.
However, when asked about the regulatory environment of New York on Monday, Adams seemed to reach a more conciliatory tone towards NYDFS, saying that “it is good to know that the city will have safe regulations for those who are investing, and that there will be no abuse.”
“But at the same time, we can regulate too much and avoid growth,” Adams added. “There is a level of security that comes with the correct regulations, but excessive regulations can damage this industry and we don’t want that to happen.”
