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Analysis-Crypto companies bet new mayor will make New York digital asset hub

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Reuters

By Hannah Lang (Reuters) – With U.S. cities such as Miami and Austin trying to court digital asset companies, John Wu was unsure whether to make New York City the permanent home of his cryptocurrency and blockchain start-up Ava Labs – until Eric Adams was elected mayor in November. Wu said the election of Adams, a bitcoin-enthusiast who has pledged to turn the Big Apple into a crypto hub, played “a big part” in his decision to set-up a permanent office in New York City in November. “Knowing that we have an administration that’s friendly, especially in the New York City area, is going to be ver…

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