New York City Mayor Eric Adams is doubling down on his pro-Bitcoin stance, revealing ambitious plans to transform the Big Apple into the global capital of cryptocurrency. His statement comes just days before the city hosts its first-ever crypto summit — a historic step for both NYC and the crypto world.

💡 New York Wants to Build a “Crypto Empire”

As the U.S. moves closer to embracing Bitcoin and digital assets, New York is stepping up to match the momentum. During a press conference, Mayor Adams announced that his mission is to turn NYC into the crypto capital of the world. He openly invited crypto companies to establish their headquarters in the Empire State.

“We should be building empires — especially in the crypto space,” Adams said, signaling that the city plans to create a friendly regulatory environment. He even hinted at legislation resembling New Hampshire’s Bitcoin Reserve Law.

🔙 Adams & Bitcoin: A Long-Time Believer

Adams’ love for crypto is nothing new. Back in 2021, he made headlines when he took his first mayoral paycheck in Bitcoin. Today, with BTC climbing past $105,000 and the U.S. reportedly building a strategic Bitcoin reserve, Adams couldn’t resist throwing shade at his early critics:

👉 “Who’s laughing now?”

📅 First Crypto Summit in NYC: A New Era Begins?

Mayor Adams also revealed plans for New York’s first-ever crypto summit, set to take place next week. The event will bring together crypto industry leaders, regulators, and city officials to discuss the future of digital assets in NYC.

Key topics will include:

🔹 The viability of a state-run Bitcoin reserve

🔹 A fresh licensing framework for crypto service providers

⚖️ Regulatory Challenges Ahead? NYDFS in the Spotlight

Despite Adams’ enthusiasm, some warn of regulatory roadblocks. The biggest hurdle could be the New York Department of Financial Services (NYDFS) — widely known for its tough stance on crypto.

🔒 NYDFS is famous for its strict BitLicense framework, which has discouraged many companies from entering the New York market.

📉 Critics argue that unless the NYDFS relaxes its rules, the dream of turning NYC into a crypto capital may fall flat.

Still, Adams welcomes oversight, saying:

“It’s good to know the city will have secure rules in place for investors and safeguards against abuse.”

📈 Bitcoin Boom Gives Momentum to NYC’s Crypto Ambitions

Adams' initiative comes at a time when Bitcoin is once again on the rise, bringing renewed excitement across the market. As altcoins gain momentum and investor confidence returns, many believe New York could play a leading role in the next chapter of the digital asset revolution.

#bitcoin , #BTC , #CryptoNewss , #CryptoSummit , #DigitalAssets

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