New York Mayor Eric Adams: Cryptocurrency and blockchain will take root in New York

In an interview with the Financial Times on Wednesday, New York City Mayor Eric Adams said: “Cryptocurrencies and blockchain are the chapters of the future, crypto and blockchain are here to stay, and we cannot let this opportunity pass us by. slip.”

New York Mayor Eric Adams: Cryptocurrency and blockchain will take root in New York

When asked about regulation and whether cryptocurrencies should be regulated by the SEC, Adams discussed working with lawmakers and industry players to connect the traditional financial sector with this emerging field. The goal, he said, was to move “this important new entity” in the right direction.

Adams said, “The most important thing is to listen to people in the industry. Because this is relatively new technology, sometimes we get intimidated when it comes to new technology. We have to work with state legislators and regulators. I really It’s great to see New York Governor Kathy Hochul leaning on the industry as we look at bureaucratic issues that need attention.”

Adams also discussed the need for financial literacy in schools to incorporate cryptocurrencies into the curriculum. “I’m going to work with all the leaders in the industry and start building school curricula so we can prepare young people to fill (crypto) vacant positions,” he said.

Additionally, Adams discussed plans to provide more affordable housing opportunities for young people trying to break into the crypto industry, with a focus on creating co-ops.

He concluded by discussing the possibility of using blockchain to record city documents, saying “the real issue we are dealing with is how to do proper filing, how to avoid fraud? Like falsification of documents, records. We believe in blockchain for record keeping The sector brings real opportunities.”

Previously, Adams has emphasized that blockchain technology can help combat income inequality and serve as a tool for providing incentives to residents. He also said that he would “build a blockchain and crypto education platform for young people” and would give them cryptocurrency to learn about the technology.

“New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovation, and being at the forefront of such innovation will help us create jobs, improve our economy, and continue to attract investors from around the globe,” Adams said. talent.”

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