🗽 New York in crypto war: Adams accuses Cuomo of 'destroying the industry'

Eric Adams didn't hold back. At the Permissionless conference in Brooklyn, the Mayor of New York dropped a political bombshell: he accused former Governor Andrew Cuomo of having 'dismantled and destroyed' the state's crypto industry with his 'erroneous and disoriented' regulatory approach.

During his tenure, Cuomo imposed the controversial BitLicense, a regulation that many consider excessive and that led to the departure of multiple companies from the blockchain ecosystem. Adams, who is running for re-election as an independent, not only criticized the past but proposed a future: to create a pro-crypto municipal council, to fund public services with digital assets, and to bring crypto education to schools.

What’s the goal? To turn New York into a global hub of financial innovation. But it won’t be easy: he faces political opposition, legal challenges, and a heated electoral race.

Which side are you on? The past that hindered innovation or the future that drives it? The debate is open... and the clock is ticking.