NYC Mayoral Crypto Policies Have Limited Impact

[tradelikepro]

Even if Cuomo wins, the NYC mayor’s office has limited influence over crypto regulation, which is mostly set at the state and federal levels.

Outgoing Mayor Eric Adams attempted to make NYC a crypto hub — launching the Office of Digital Assets and Blockchain — but results have been mixed. Startup growth in crypto and blockchain has increased, yet city-level initiatives only partly shape the industry.

[alex10]

New York’s cautious stance continues to slow local blockchain innovation.

[Nahid10]

Policy momentum in NYC needs stronger collaboration between regulators and tech leaders.