Crypto Summit Sparks Calls for End to New York’s BitLicense

New York City’s inaugural crypto summit featured discussions about the future of cryptocurrency regulation, with attendees urging Mayor Eric Adams to abolish the controversial BitLicense system. Critics view it as a barrier to entrepreneurs and harm industry growth, while advocates propose alternatives like regulatory sandboxes and a ‘crypto-friendly’ approach. Galaxy CEO Mike Novogratz called for supportive legislation from New York state lawmakers to foster innovation.