Mayor of New York City Eric Adams discussed crypto regulation, financial literacy in schools, and the future of recordkeeping in his closing keynote interview during an event on Wednesday.
“Crypto and blockchain are [the] next chapters in the future, crypto and blockchain are here to stay, we can’t let this opportunity pass us by,” said Adams in a virtual Q&A with Financial Times associate editor Jonathan Guthrie.
When asked about regulation, and whether crypto should be regulated by the SEC, Adams discussed cooperating with lawmakers and industry insiders to bridge the traditional financial sector with this emerging area. The goal, he said, is to move “this important new entity” in the right direction.
“The most important thing is to listen to those who are in the industry. Because this is relatively new and sometimes we are fearful when it comes down to new technologies,” said Adams. “It is imperative that we work with the state lawmakers and regulators. I’m
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