NYC Mayor-elect Eric Adams urges schools to teach crypto
Of course, miamis mayor francis suarez, has long been trying to establish miami as the main bitcoin city here in the u.s. But now a new york city mayor, elect uh eric adams is pushing not only just for new york to come back and challenge miami for that crypto crown, but also saying that he wants to instill. Crypto teachings in schools take a listen to what he had to say. Cryptocurrency is a new way of paying for goods and services uh throughout the entire globe, and that is what we must do open our schools to teach the technology and teach this new way of thinking when it comes down to paying for goods and services. So creating you got a lot of people in the crypto community, pretty jazzed about this idea, because new york, the state historically, has not been a great place to operate. If you are a crypto company bit licensed a lot of people have attacked that in terms of restricting and making it costlier for crypto companies and exchanges, custodies uh custody agents here to operate in the state. So if you got a mayor out here saying we should be teaching it in school. Maybe some of those changes could be coming through yeah absolutely and he says he wants to make a pipeline for more talent, obviously its one of those high end paying jobs. If you can get into it, so its good to start early and hes really putting his money where his mouth is right, because he said his first three paychecks hed like to get them in bitcoin, so hes really trying to make an effort.
He also said that he would look at whether new york city businesses could start accepting bitcoin and said he would really look at that quite carefully because it is the wave of the future. It is the way people are going to be making payments in the future, but he wants to get it right and he wants to build a crypto friendly city yeah. I mean its its been interesting to see mayor suarez down in miami kind of. I think a lot of people pointed out that that was a lot of his push. Not only crypto hes been trying to attract a lot of tech, entrepreneurs and tech companies down to miami as well uh to increase, i suppose the tax base there and bring high paying jobs to his jurisdiction uh and when you think about what eric adams might be Trying to do here, too, new york is obviously a bit distinct in terms of the financial giants that it houses. So you got that issue maybe to deal with. If you are mayor, elect adams in trying to look crypto friendly without ruffling too many feathers on the financial giant side, since hes got banks uh here to, i guess, appease to as well so theres a lot of things up in the air. But it is interesting to see i dont think a lot of politicians have talked about maybe putting this in schools yet so having. That is pretty important exactly i havent heard that come up, but you have seen a lot of these banks.
Investment banks increasing the size of their crypto deaths right because so many money managers want to be involved, theres a fear of missing out. So it is a wave of the future. Even someone like jamie dimon says you know i dont love it. I dont necessarily believe in it, but a lot of my clients are asking for it, so there is a need to sort of get on board with it. But as you say, regulation is such an issue and then you know gary gensler just said recently at an aspen security forum in august. Frankly, at this time, its more like the wild west. But then congressmen on both sides of the aisle say theyre glad that gensler is starting to talk about it, but they still need to see much more regulation and who, in fact, is the one who should be the arbiter of that is the sec. The right place. Theres also the cftc, rust and benham is uh, the incoming chairman of that, and he says that maybe that group should have some sort of say about regulation as well, yeah and and obviously, if you got eric adams talking about doing this in schools and people learning The dark arts, dare i call them if thats the way the sec wants to look at it? You know youre going to have an interesting kind of back and forth here in terms of whether or not were teaching our kids to be criminals, depending on the way that the law wants to look at crypto, certainly not the take.