Eric Adams and crypto whales demand that New York stop regulating crypto licenses

At a "crypto summit" on Tuesday held by Eric Adams - the controversial mayor of New York City who recently escaped several federal corruption charges - crypto CEOs and investors made an open plea: please get rid of state crypto regulations so we can write our own and turn the Big Apple into a "crypto sanctuary city."

This was, in fact, Adams's goal for the summit. "I smell money, crypto, crypto, blockchain, and all the good things," he told reporters at a press conference right before the private event began.