NEW YORK — New York City Mayor Eric Adams took a supportive if somewhat cryptic tone after New York Gov. Kathy Hochul signed legislation this week limiting some cryptocurrency mining in the state, casting the new law as an acceptable step toward smart tech policy.
Adams, a vocal crypto booster, said he maintains his focus on establishing New York as a crypto hub. But he said that goal can be balanced with statewide efforts to curb environmental costs associated with some forms of crypto production.
In June, Adams told Crain’s that he intended to ask his ally Hochul to veto the bill. Hochul, a Democrat, still authorized the measure as part of a flurry of 19 bills she enacted Tuesday.
