The post NYC Mayor Eric Adams Wants New York City To Be The Crypto Capital appeared first on Coinpedia Fintech News While Washington is warming up to crypto, New York City’s Mayor Eric Adams is already a few steps ahead. On Monday, he officially announced the city’s first-ever NYC Crypto Summit, which will be held on May 20. The goal? Nothing short of making New York the crypto capital of the world . NYC, the Crypto Capital of the World Speaking at a press conference, Adams stood beside major players in the blockchain space, including June Ou from Figure and Richard Hecker from Traction and Scale. Together, they made it clear, NYC wants to lead the next big wave of digital finance. Adams explained that blockchain technology could help bring more people into the financial system, especially those who’ve been left out for years. “My mission is to ensure that New York leads in innovation,” he said. “And crypto is part of that future.” Adam further noted that the event will bring together crypto companies, regulators, and city leaders to discuss the future of digital assets. Key topics include the idea of a state-owned Bitcoin reserve and new rules for crypto businesses. New York City @NYCMayor says people once mocked him for taking his paycheck in #cryptocurrency , but now, he’s confident in his decision. “Who's laughing now?” he remarked, highlighting #crypto ’s growing relevance. #CoinPedia #CryptoNews #Blockchain #CryptoMarket pic.twitter.com/Q0G0ES0LRb — Coinpedia (@CoinpediaNews) May 13, 2025 While the plans sound bold, some critics worry that New York’s strict regulations might hold the city back. Adams’ Crypto Journey He reminded everyone of his own history with digital assets back in 2022, he took his first three paychecks in Bitcoin and Ethereum, which at the time raised eyebrows. Now, he says, the crypto world is booming, and New York is seeing a huge rise in startups joining the scene. What makes this move more interesting is the political backdrop. Adams has decided to run as an independent in the upcoming election, skipping the Democratic primary due to a past corruption probe that was recently dropped. Some believe his support for crypto could help him win over the same groups that backed Donald Trump’s pro-crypto stance . .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : SEC Chair Atkins Unveils Crypto Reform Plan to Tackle Regulatory Challenges , No Hype, No Memes — Long-Term Vision But Adams made it clear — this isn’t about hype or meme coins. He wants real innovation and clear but fair regulations. He said New York shouldn’t overregulate and risk losing the chance to lead. “The Empire State should be building empires,” Adams said. “And crypto is where we start.” Adams is trying to attract crypto companies by promising easier rules in New York. He also suggested the city might create a Bitcoin Reserve law, similar to one in New Hampshire . 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The NYC Crypto Summit 2025 is a major blockchain event aiming to position New York as the global crypto capital. What topics will be discussed at the NYC Crypto Summit 2025? The summit will cover state-owned Bitcoin reserves, crypto regulations, blockchain adoption, and NYC’s role in digital finance. Which countries already have Bitcoin reserves? Germany, Switzerland, and parts of the U.S. have started integrating Bitcoin into national or state reserves.
