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NYC Mayor invited tech companies and crypto firms to expand their presence in the city.

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Sujha Sundararajan

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Sujha Sundararajan

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New York City Mayor Eric Adams announced the city’s first crypto summit to be held at Gracie Mansion next week. In a press conference on Monday, he reiterated his goal of “making NYC the crypto capital of the globe.”

Mayor Adams highlighted that technology is one of the fastest-growing industries in the city. He also invited tech companies and crypto firms to expand their presence in the city.

“We’re in the midst of nothing short of a technological revolution, the age of tokenization, which includes crypto, blockchain, and other fintech innovations,” he addressed the gathering. “More on that to come following the summit, but for now, I want to reiterate, if you’re into crypto, blockchain, Web3, or the fintech space, New York City is open for business. Join us.”

Further, he specifically mentioned how crypto and blockchain would have a positive impact on the city’s underbanked population.

“I really want to emphasize on underbanked communities, because this new form of financing and finance is something that can impact those communities that have historically found themselves lacking in access to banks.”

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