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, we can’t Let this opportunity slip away from us."

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 when it comes to new technology we get intimidated. We have to work with state legislators and regulators. Institutional collaboration. I'm really excited 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, 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 discusses In a plan to provide more affordable housing opportunities for young people trying to break into the crypto industry, the focus will be on creating co-ops.

He ended by discussing the possibility of using the blockchain to record city documents, saying "The actual problem we are dealing with is how to do proper filing, how to avoid fraud? Like falsification of documents, records. We I believe that blockchain presents a real opportunity for the record keeping sector.”

Previously, Adams has emphasized that blockchain technology can help combat income inequality and be a tool to provide 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.

Adams said: "New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations, and being at the forefront of such innovations will help us create jobs and improve our economy," said Adams. And continue to attract talent from all over the world.”

By Amy Liu

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

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