During a crypto summit hosted by NYC Mayor Eric Adams, industry leaders urged for the elimination of strict crypto regulations, specifically the BitLicense. They believe these regulations hinder the movement of significant investments into New York. Adams, who has previously expressed his desire for reform, emphasized the need for legislative support to facilitate this change. With a goal to position New York City as a major hub for cryptocurrency, Adams echoed the sentiments of crypto executives who are pushing for a more favorable regulatory environment.
We're giving sanctuary to immigrants. We can give sanctuary to crypto companies.
I smell money, crypto, crypto, blockchain, and all the good things.
We need your help to lobby Albany to tell them there are serious and important things that could be done on our state level.
The BitLicense program is preventing billions of dollars from entering the city.
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