Billionaire investor pitches for a friendly environment to prevent crypto entrepreneurs from leaving New York.
Founder of Pershing Square Capital Management, Ackman was recently in the news for taking a stake in streaming giant Netflix worth $1.1 billion.In recent months, particularly after the election of Adams as the Mayor of NYC, there has been renewed optimism that the Big Apple mayas a digital asset hub. Cryptocurrency data platform Chainalysis leased new office space in Manhattan, planning to “tap into the city’s deep talent pool for our next phase of growth.
“The new mayor’s support for the industry strengthens my conviction that New York is the best place for Chainalysis’s headquarters,” ReutersDuring his campaign, Adams talked about introducing a digital wallet for public funds after he became the NYC mayor. “NYC is going to be the center of the cryptocurrency industry…Just wait!” he said in November.But the cheerful notes of making New York the center of the cryptocurrency industry don’t seem to have a strong backing of the policymakers.
“I support cryptocurrency, not crypto mining,” Adams said at a joint session of state legislators in Albany early this month. However, green activists were not satisfied andGovernor Hochul is also under pressure from environmentalists who wish she takes a more stringent stance against mining. “We are hopeful that the Governor’s encouraging words on climate will be backed up by strong action, starting with a rejection of the Greenidge fracked gas power plant currently powering a bitcoin mining operation in the Finger Lakes and a commitment to stop the ludicrous practice of firing up dirty, retired power plants to mine cryptocurrency,” said a
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