New York City Mayor: Focus on the long-term value of cryptocurrency technology, not chasing "memes" or trends

2025-05-13 11:19:52

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ChainCatcher news, according to The Block, New York City Mayor Eric Adams reiterated the goal of making New York a global crypto capital at a press conference on Monday. Adams stated that he will focus on the long-term value of these technologies for the city and its citizens, rather than chasing memes or trends.

New York City will host its first crypto summit at Gracie Mansion on May 20. Adams emphasized that cryptocurrency and blockchain technology can help traditional financial services reach underserved communities. City Chief Technology Officer Matt Fraser pointed out that the application of blockchain technology will extend beyond the financial system, with the potential to democratize access to important information such as birth and death records.

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