New York City Mayor Eric Adams has denounced the influence of meme culture in the crypto space, reaffirming his support for crypto and blockchain technology. He emphasized that New York City’s overall crypto strategy is more concerned with long-term value and innovation than complacency. Adams first announced the news during a press conference on Monday, May 12th, in advance of the NYC Crypto Summit.

Around the same time, Adams announced new partnerships with financial firms to underscore his hope for digital assets to flourish in New York City. Among these partnerships are June Ou, founder of Figure and Richie Hecker, CEO of Traction and Scale.

"They're joining our world-class roster of crypto talent and resources in New York City," - Adams said.

As Adams stated, this summit “should be a start of it and should help us chart our path forward.” He equally urged everyone working in crypto, blockchain, Web3, or fintech to move to New York City.

"For those involved in crypto, blockchain, Web3, or fintech—New York City is open for business," - Adams stated.

Echoing the emergence of meme culture as a new norm in the crypto space, Adams remarked during the press conference that he stressed the importance of focusing on the long-term benefits of crypto technologies for the city and its residents, as opposed to fleeting trends.

"We are focused on the long-term values of these technologies for our city and its people, not chasing memes or trends," - Adams said.

So Adams was reaffirming his long-time support for crypto. He beamed as he told the public that he was the first U.S. mayor to cash his first paychecks in Bitcoin and Ether.

"I was the first American mayor to have my initial three paychecks converted into crypto way back in 2022," - Adams said.