New York Mayor Eric Adams: Make New York the world's "global cryptocurrency capital"

PANews May 13th news, according to Decrypt, New York Mayor Eric Adams announced on Monday that it will hold the first New York crypto summit on May 20, vowing to build New York into the "global cryptocurrency capital." Adams said at a press conference that blockchain technology can provide inclusive financial services to communities outside of the traditional financial system, and New York is becoming the most important crypto innovation center outside of Silicon Valley. The summit aims to build a political-business dialogue platform and bring together industry leaders to discuss the application of digital assets in economic development and public services. Adams stressed that New York focused on the long-term value of blockchain technology rather than short-term hype, advocating a regulatory framework that can protect investors without stifling innovation. Adams stressed that the city will be committed to cryptocurrencies for a long time and is not interested in short-lived trends such as Meme. Adams said that while the crypto industry believes widespread adoption is inevitable, he stressed the need for balanced regulation that should be strong enough to protect investors but not too strict to hinder innovation and growth. "Our state should embrace a cryptocurrency and blockchain-friendly environment like New York City. Right regulation can be safe, but over-regulation can hurt the industry - we don't want that."