PANews May 13 news, according to Decrypt, New York Mayor Eric Adams announced on Monday that the first New York Crypto Summit will be held on May 20, vowing to make New York the "global cryptocurrency capital". Adams said at the press conference that blockchain technology can provide inclusive financial services to communities outside the traditional financial system, and New York is becoming the most important crypto innovation center outside Silicon Valley. The summit aims to build a platform for political and business dialogue, bringing together industry leaders to discuss the application of digital assets in economic development and public services. Adams emphasized that New York focuses on the long-term value of blockchain technology rather than short-term speculation, and advocates the formulation of a regulatory framework that protects investors without stifling innovation. Adams emphasized that the city will be committed to cryptocurrencies for a long time and is not interested in short-lived trends such as Meme coins. Adams said that while the crypto industry believes that widespread adoption is inevitable, he emphasized the need to develop balanced regulation that is strong enough to protect investors but not so strict that it hinders innovation and growth. He said: "Our state should embrace a cryptocurrency and blockchain-friendly environment like New York City. Proper regulation can ensure safety, but excessive regulation can harm the industry - we don't want this to happen."