'New York is the center of the world, and we want it to be the center of cryptocurrency,' the city's new mayor said.
New York City's new mayor, Eric Adams, plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.
"New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations," Adams said in a statement."Being on the forefront of such innovation will help us create jobs, improve our economy, and continue to be a magnet for talent from all over the globe."
State Attorney General Letitia James has investigated cryptocurrency trading platforms and warned last year that investors"should proceed with extreme caution when investing in virtual currencies."
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