NYC Mayor Eric Adams Champions Bitcoin, Announces Crypto Summit

New York City is gearing up for its first-ever Crypto Summit, with Mayor Eric Adams officially declaring his commitment to making the city a global cryptocurrency hub. Bitcoin trades above $105,000 as bullish market trends fuel this initiative. The summit, scheduled for May 20, 2025, at Gracie Mansion, is expected to bring together key stakeholders to shape New York City’s crypto strategy. 2023 Bitcoin price surge and Mayor Adams’ long-standing crypto advocacy highlight the potential of this move. The Summit aims to position NYC as a hub for innovation and entrepreneurship in the world of cryptocurrency.