Eric Adams and NYC crypto whales call for end of BitLicense
At a “crypto summit” on Tuesday held by Eric Adams — the controversial mayor of New York City who recently escaped several federal corruption charges — crypto CEOs and investors made an open plea: please get rid of state crypto regulations so we can write our own and turn the Big Apple into a “crypto sanctuary city.”
This was, in fact, Adams’s goal for the summit. “I smell money, crypto, crypto, blockchain, and all the good things,” he told reporters at a press conference right before the private event began.
As of now, crypto companies can only do business in New York state if they acquire a BitLicense from state financial regulators, which is notoriously difficult to obtain. According to Bitcoin Magazine, attendees,…
