New York Prepares to Lead Financial Trend with Large-Scale Crypto Conference on 5/20, Targeting Investors Managing Over $1,000 Billion in Assets.
New York City has announced it will host the "First City Crypto Conference" on 5/20, marking a strategic step in its effort to establish itself as a global digital financial innovation center. The event will be co-chaired by Mayor Eric Adams and Technology Director Matthew Fraser, aiming to gather top figures in cryptocurrency, blockchain, and fintech.
According to the official city announcement, the event will feature "founders, CEOs, and leading investors in cryptocurrency, blockchain, and fintech" to discuss economic development potential, talent attraction, and innovation in New York City.
Strategy to Attract Crypto "Giants"
Notably, the financial scale of the attending delegates is significant – managing over $1,000 billion in assets. Mayor Adams is actively inviting these investors to New York City, demonstrating a strategy to build the city into a pioneering financial technology center.
This initiative is not Adams' first effort to make New York a top destination for cryptocurrency. He previously drew attention by converting his first three paychecks in 2022 to Bitcoin and Ethereum, declaring: "New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations."
The conference is expected to run from 2:00 PM to 8:00 PM, with the goal of promoting public-private cooperation, attracting top talent, and maintaining the city's leading position in economic innovation and integration.
While New York City is actively expanding its influence in the crypto space, New York State Attorney General Letitia James continues to call on the US Congress to establish a comprehensive federal legal framework for the industry, emphasizing the need for regulations on registration and stablecoin reserves to protect consumers.
This conference occurs against the backdrop of growing national interest in digital assets, following the "Digital Assets Conference" hosted by the White House in March, reflecting the general trend of government agencies seeking to better understand and positively interact with cryptocurrency technology.
