NYC Mayor Backs Bitcoin, Aims for Crypto Hub Status

New York City’s mayoral race has seen a clear endorsement of Bitcoin: Mayor Eric Adams is positioning his city as a global center for cryptocurrency. He envisions a crypto-friendly environment with favorable business regulations and aims to foster robust growth in the sector. A major crypto summit in New York will explore the potential of a state-owned Bitcoin reserve and the implementation of new licensing policies, coinciding with a surge in market activity.