NYC Mayor Doubles Down on Crypto With Call to Eliminate Bitlicense
New York City is charging ahead to become the international crypto capital, backed by the mayor’s aggressive push to ditch stifling rules and embed blockchain citywide. ‘A Tradition to Leave’: New York City Mayor Pushes to Crown City as Global Crypto Capital A growing commitment to blockchain and digital properties is reshaping how New York City pictures its monetary future, with strong management backing market growth. Turning to policy, Adams condemned New York’s Bitlicense structure for suppressing innovation and hindering crypto startups. The New York City Mayor proposed eliminating the existing Bitlicense structure and empowering advocates to lobby state and regional leaders to make New York more accommodating for crypto organizations.
A Tradition to Leave’: New York City Mayor Presses to Crown City as Global Crypto Capital A growing dedication to blockchain and digital properties is improving how New York City visualizes its financial future, with strong leadership backing market growth. He likewise credited Brock Pierce for stimulating his interest in the space and highlighted crypto’s role in reducing pricey remittances for New York’s Caribbean diaspora. Turning to policy, Adams condemned New York’s Bitlicense framework for stifling development and discouraging crypto start-ups. The New York City Mayor proposed eliminating the existing Bitlicense structure and empowering supporters to lobby state and regional leaders to make New York more accommodating for crypto businesses.
