Eric Adams and crypto whales demand that New York stop regulating crypto licenses
1 min read
Summary
During the NYC crypto summit hosted by Eric Adams, crypto CEOs and investors pleaded with the mayor to do away with state crypto regulations.
They want the city to become a crypto sanctuary, where the industry can set its own rules.
As things stand, crypto companies must obtain a BitLicense from state financial regulators to operate in New York, something that is difficult to achieve, according to the attendees.
Adams has previously called for the end of the BitLicense programme and repeated his request at the summit.
He also said that the attendees had been victims of persecution by society and the government, referring to the various audits and losses of profit that companies in the industry have suffered.
Adams also announced the creation of the city’s first digital asset advisory council, which he will soon start filling.