New York, New York Mayor Eric Adams makes a pitch for cryptic companies returning to the United States or expanding their presence in the country: Create Store in New York City.

“This is Empire State,” Adams said on a press briefing at Gracie Mansion on Monday. “We should look forward to building empires, especially in the crypto area.”

Adams, who runs for re -election, repeated his commitment to turning New York City a crypto hub where he tells journalists that he would work with tech and crypto companies, both big and small, to create a friendly environment to attract them and help them succeed.

“My goal remains the same as it was on day one as mayor: to make New York City a crypto capital on the globe,” Adams said. His remarks repeat similar promises from President Donald Trump, who has repeatedly said he wants to make the United States “crypto capital on the planet.”

Adams also draws inspiration from Trump in a different way: Next week he hosts the New York City’s first cryptop building ever, as he said will gather the city’s officials and representatives from the crypto industry to discuss the ways the city can benefit from crypto and vice versa. In a press release from April announcing the summit, the Adams Administration described the event as “com[ing] On the heels of the White House Digital Asset Summit in March. “

“We want to attract world -class talent, provide opportunities for underbanking societies and make the government more user -friendly,” Adams said. “We are focused on the long -term values ​​of these technologies for our city and its people and not hunting memes or trends.”

Earlier this year, Trump’s appointed officials at the Department of Justice prosecutors in the southern district of New York to drop corruption fees against Adams, which led to an emigration of career prosecutors. The charges were rejected with the prejudice of a judge.

The New York Crypto Industry – as well as its banking and insurance industries – is regulated by the New York Department of Financial Services (Nydfs), which has a reputation as a tough regulator. Nydfs issues the infamous difficult to get Bitlicense, a special license required to do business as a cryptic business in New York. Previously, Adams has been critical of Bitlicense and claimed that it strangled regulation and advocates of scraping it shortly after accession as mayor in 2022.

When asked about New York’s legislative environment on Monday, however, Adams seemed to beat a more conciliation tone against Nydfs and said that “it is good to know that the city wants to secure rules in place for those who invest and there will be no abuse.”

“But at the same time we can differentiate and prevent growth,” Adams added. “There is a level of security that comes with the right rules, but overruns can damage this industry and we don’t want it to happen.”