New York City Mayor Eric Adams aims to position the city as a global hub for cryptocurrency and fintech innovation.
Adams sees the growth of technology, including crypto and blockchain, as a significant opportunity for economic development.
He focuses on the potential of crypto to provide financial access to underbanked communities and plans to host the New York City Crypto Summit on May 20.
The summit will gather key figures from the industry to drive collaboration and discuss the long-term values of digital assets for the city.