NYC’s Crypto Future: Adams is Out, What’s Next?
Eric Adams has decided to step back from the 2025 reelection race. This move not only shifts the political landscape but also raises a lot of questions about what will happen to the cryptocurrency policies he pushed for while in office. His exit leaves a potential vacuum in leadership for blockchain initiatives, and it begs the question: what now?
Adams’s Legacy: A Double-Edged Sword
Adams has been a vocal advocate for integrating blockchain technology into the city’s governance. His initiatives included the establishment of a digital asset advisory council and calls to repeal the restrictive BitLicense, a move many in the crypto community would welcome. He was positioning NYC as a potential global crypto hub. But will his departure…
