NYC Aims to Become Global Crypto Hub: Mayor Seeks Bitcoin-Powered Economic Transformation

New York City Mayor Eric Adams has unveiled a bold plan to establish the city as a global hub for cryptocurrency, setting its sights on becoming the world’s “crypto capital.” Mayor Adams’ commitment is fueled by his use of Bitcoin for part of his salary and aims to utilize a state-owned Bitcoin reserve as a catalyst for attracting businesses. This initiative comes in response to a desire to bolster New York City’s standing in the rapidly growing digital finance sector, with a focus on increasing Bitcoin demand.