The mayor of New York called on regulators to listen to representatives of the crypto industry – Bits Media

New York City leaders believe, that representatives of the traditional financial system are afraid of new phenomena, and this is especially visible, when it comes to cryptocurrencies and blockchain.

City Mayor Eric Adam (Eric Adams) at the Financial Time Digital Assets Summit He called
regulators listen to representatives of the cryptocurrency industry to create a high-quality legislative framework for the industry.

The official is sure, what, listening to industry representatives, regulators will be able to achieve such conditions for the industry, which would suit all participants in the economic system. Adams said, that his office is actively collaborating with government partners, to assess the situation around digital assets to ensure compliance with standards, as in the traditional financial system.

Open to new technologies, says the mayor of New York, it doesn't just mean thinking outside the box, but to break the established framework and understand, that this is a new time for all global business.

At the beginning of the year, when Adams first took office as mayor, He said, that he converts his first salary into bitcoin and ether. His administration was committed to making New York a hub for cryptocurrencies and financial innovation.. During the election campaign, Adam made cryptocurrencies his central theme, stated, who believes in digital currencies and freedom, which they carry.

It is worth noting, that this week the New York parliament approved a moratorium on the launch of mining farms for a period of two years. Industry representatives and some officials spoke out against, stated, that farms will move to a neighboring region, and the state will lose jobs.