NYC Mayor Eric Adams Doubles Down on Crypto Hub Dreams—Wall Street Grumbles

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2025-05-12 23:40:10

NYC Mayor Eric Adams: Make New York the ’Crypto Capital’ of the World

New York’s mayor wants to turn the Big Apple into the blockchain big leagues—just don’t ask about the regulatory red tape.

Adams pushes crypto-friendly policies while traditional finance rolls its eyes. Tax breaks for exchanges, blockchain education in schools, and a city-issued stablecoin? All on the table.

Meanwhile, Wall Street veterans whisper about the last time NYC tried to out-tech Silicon Valley. Remember the ’next biotech hub’ promises? Exactly.

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