Mayor Adams promotes cryptocurrency’s growth in New York City before attending a fundraising event.
Mayor Eric Adams recently addressed attendees at the Bitcoin 2025 conference in Las Vegas, where he urged cryptocurrency enthusiasts and moguls to support local lawmakers who advocate for the burgeoning industry. In a compelling speech delivered on Wednesday, Adams emphasized the significance of aligning New York’s local policies with national trends in the cryptocurrency sector. He encouraged those present to engage directly in efforts to bolster local lawmakers who champion cryptocurrency-friendly initiatives.
During his address, Adams referenced a statement made by Vice President JD Vance, highlighting the necessity of political engagement within the realm of cryptocurrency. He drew on a sports analogy, stating that while one may “drive for show,” it is local politics that ultimately shapes the trajectory of the cryptocurrency industry. As part of his vision to enhance New York’s position in this sector, the mayor committed to advocating for the repeal of stringent business licensing requirements that have hindered the growth of crypto companies. He also introduced the idea of a potential “BitBond” and suggested that Bitcoin could become a viable option for tax and fee payments.
Adams, a long-time proponent of cryptocurrencies, previously hosted a summit at Gracie Mansion to engage with stakeholders in the industry. His recent remarks reaffirmed his belief in the resilience of Bitcoin, likening crypto entrepreneurs to historical figures who have shaped the nation’s identity and economy. The mayor’s trip to Las Vegas was funded through taxpayer dollars, with City Hall confirming that both the city’s Chief Technology Officer, Matt Fraser, and Deputy Mayor for Intergovernmental Affairs Tiffany Raspberry accompanied him.
In tandem with the conference, Adams attended a fundraising luncheon organized by crypto entrepreneur Brock Pierce, which was separate from the primary events of the Bitcoin 2025 conference. Participation at this fundraiser necessitated a contribution to Adams’ re-election campaign. Video footage from the event revealed Pierce rallying attendees to support the mayor, which included soliciting donations through digital means.
Adams has previously garnered attention for converting his initial paychecks into cryptocurrency, a move that underscored his commitment to integrating digital finance into his administration’s agenda. The mayor has expressed that from the outset, his administration has prioritized innovation to foster economic growth in New York City. Following his Las Vegas visit, Adams continues to rely on support from influential figures within the cryptocurrency sector, having raised over ,000 at a fundraising event hosted at Pierce’s mansion in Puerto Rico.
The mayor’s advocacy for cryptocurrency aligns closely with his strategic campaign efforts as he prepares for a potentially competitive reelection bid against former New York Governor Andrew Cuomo. As the cryptocurrency landscape evolves, Adams remains focused on positioning New York City as a leader in this innovative sector, emphasizing its implications for future economic development.
