New York City Mayor Eric Adams has announced the city's first official crypto summit, aiming to position New York as the leading global hub for cryptocurrency and blockchain innovation. Scheduled for May 20, the summit underscores Adams' commitment to promoting collaboration between public officials and private sector innovators within the crypto space. He highlighted New York's growth in the blockchain sector, emphasizing its importance for financial inclusion among underserved communities. Adams, who converted his initial paychecks into Bitcoin and Ethereum, noted the surge of crypto startups making the city their home. He advocates for balanced regulations that safeguard investors without stifling innovation. The mayor dismissed fleeting trends like memecoins in favor of focusing on the underlying values of blockchain technology. His remarks suggest an ambition to attract crypto super PACs as he positions himself for future elections, hinting at an independent run after skipping the Democratic primary due to ongoing corruption investigations.

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