According to @HenriArslanian, NYC Mayor Eric Adams outlined a detailed vision to establish New York City as a leading center for Bitcoin and cryptocurrency innovation during a high-profile gathering. Mayor Adams emphasized the development of regulatory frameworks, support for crypto startups, and expansion of blockchain infrastructure to attract institutional investors and tech talent to NYC (source: @HenriArslanian, Twitter, May 20, 2025). This initiative is expected to drive increased institutional interest in Bitcoin and altcoins, potentially boosting trading volumes and liquidity on US-based exchanges. Traders should monitor New York-focused regulatory updates and institutional inflows, as these could influence short-term price movements and long-term market positioning for both Bitcoin and broader crypto markets.