New York City Mayor Eric Adams has expressed concerns about the influence of meme culture on the cryptocurrency market. During a press conference announcing new partnerships with financial firms to bolster the city’s role in digital assets, Adams emphasized that he is focused on the long-term value of technology for his constituents rather than fleeting trends. The mayor plans to convene industry leaders at the New York Crypto Summit on May 20th to develop a comprehensive crypto strategy, ensuring its continued position as a hub for innovation. NYC’s crypto summit will focus on promoting blockchain technology’s potential to improve financial access for underbanked individuals within the city. 0ne notable highlight is the announcement of the New York City Crypto Summit taking place May 20th, aimed at driving innovation and growth in the city’s blockchain sector. Adams also unveiled new partnerships to guide the city’s digital asset strategy, aiming to create a business-friendly environment for startups and major players alike. Although he expressed skepticism about memecoins, he reaffirmed his commitment to crypto, noting that he was the first U.S. mayor to receive his paychecks in Bitcoin and Ether back in 2022. The rise of altcoins and memecoins has coincided with a broader cryptocurrency rally. Memecoins have bounced back sharply, with notable gains witnessed across Dogwift, Dogecoin, and Brett. Meanwhile, Coinpedia Markets has outlined tokens poised for significant potential in the upcoming bull run (2025), including Dogwifhat ($WIF), Degen ($DEGEN), Brett ($BRETT), Mubarak (#MUBARAK), Mog Coin ($MOG), Snek ($SNEK), Ski Mask Dog ($SKI), Kendu Inu ($KENDU), Osaka Protocol ($OSAK), and Bobo ($BOBO). Analysts predict the altcoin market could see daily gains of up to 40% over the next three to six months.