Eric Adams, who became mayor of New York City in January, has reportedly stood behind a campaign pledge to make the city a crypto hub, despite a drop in the price of many tokens in 2022.
According to a Dec. 12 report from Slate, Adams
The collapse of crypto exchange FTX has also seemingly spurred state regulators and lawmakers to action, with New York Attorney General Letitia James recommending that crypto investments be prohibited from certain retirement funds. New York Representative Ritchie Torres also penned a letter on Dec. 6 requesting the U.S. Government Accountability Office look into the performance of the Securities and Exchange Commission regarding FTX.
