New York Mayor Eric Adams Announces Cryptocurrency Partnership, Says New York "Open to Crypto Businesses"
2025-05-12 22:00:31
New York City Mayor Eric Adams announced at a press conference on May 12 that the city will enter into partnerships with financial firms as part of its crypto initiative. He said Figure founder June Ou and Richie Hecker, CEO of private equity firm Traction and Scale, will assist the city in advancing "economic development opportunities that leverage digital assets to serve the public." We are focusing on the long-term value of these technologies to the city and its residents, rather than chasing meme coins or trends, "Adams stressed." If you're in crypto, blockchain, Web3 or fintech, New York City is open to you, "he reiterated.
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