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The Verge

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Image Credit: The Verge

Eric Adams and crypto whales demand that New York stop regulating crypto licenses

  • Eric Adams and crypto industry leaders call for an end to state crypto regulations in New York City.
  • The goal is to allow crypto companies to write their regulations and establish the city as a 'crypto sanctuary city.'
  • Current regulations require crypto companies to obtain a BitLicense, which is challenging to acquire.
  • Attendees at the summit criticized the BitLicense program for hindering potential investment in the city.

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