Billionaire investor Bill Ackman has called to stop crypto entrepreneurs from leaving New York.
Even though Eric Adams, known for his crypto advocacy, was elected mayor of New York, debate continues over whether the city should be a Bitcoin-friendly state.
Bill Ackman urges Governor Kathy Hochul and Mayor Eric Adams to remove barriers to New York’s transformation into a crypto innovation hub.
Ackman’s tweet states that he cannot open an account on a crypto exchange because he is based in New York came in response to a person who complained.
Will New York Become a Bitcoin Hub?
The election of pro-Bitcoin Eric Adams as Mayor of New York raised hopes that the city would become a Bitcoin hub.
Crypto data platform Chainalysis has rented an office in Manhattan due to this trend and stated that they want to leverage the city’s talent pool.
Adams stated that if elected, New York would become a cryptocurrency center. The President took the first step towards this end by announcing that he would first receive his paycheck in Bitcoin.
Still, there is a widespread view that for New York to become a crypto hub, it must also gain support from politicians.
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