Despite being twice the age of many attendees, the ringleader of the NYC branch is Lou Kerner, 60 — a partner at crypto fund Blockchain Coinvestors. His firm just launched a crypto-focused SPAC, that is, a publicly-traded shell company with a pot of cash will look to merge with a crypto business.
Kerner bounced around the room introducing strangers, more than keeping up with the group — most of which, unlike him, came of age in the glow of a computer monitor. November 20, pm Updated November 20, pm. Stefano Giovannini for NY Post. Stefano Giovannini for NY Post But they hope the new mayor — who has promised to make the city central to the booming new industry — can boost the local scene, while using his big-city bully pulpit to sway Albany to loosen crypto regs.
Stefano Giovannini for NY Post An Adams rep clarified that, since the city can only process payroll in American dollars, the mayor planned to take his pay, after taxes, and buy Bitcoin. Share This Article. The knowledge frontier in crypto is not in incumbent banks. Ponder, how many top crypto developers work for traditional banks? Long added that the article contained some factual errors about the nature of services offered in some areas and concluded with a warning:.
And because crypto is a virtual asset, this license actually does not apply to you. Eventually, BlockFi returned to the banking regulators, and finally received the appropriate certification, Marquez explained. The launch of a Fed-run digital dollar, still little more than a pipe dream, was mooted as another solution. Enter your email for our Free Morning Newsletter. Tim Alper.