Cryptocurrency: Top New York Politician Suggests Shocking Change to School Curriculum
Better days are here for the cryptocurrency as the push for global adoption continues to receive support from unlikely quarters. Following a statement by a top politician in New York, the crypto industry might be on its way to becoming a core part of the curriculum used in the New York schools. If this happens, NYC would become the first state in the world to have a blockchain and crypto curriculum.
What Happened?
New York City’s Mayor-elect, Eric Adams, was interviewed by CNN on Sunday. The interview focused on his ideas and journey to becoming one of the most powerful persons in New York. During the interview, Adams proposed that New York schools adopt cryptocurrency education into their curriculum and begin a campaign to raise early awareness among young schoolers. Adams, a known crypto supporter, believes that the underlying importance of blockchain and crypto should be knowledge that young people have so that they can have an early advantage.
Going further in the interview, Adams, 61, told CNN that his administration would encourage merchants across NYC to begin accepting Bitcoin for transactions. Adams had made the news last week when he announced that his first three months’ salaries would be paid in Bitcoin. He now plans to help raise awareness of the new digital payment system and will actively encourage merchants to accept it. Although he said, there is no rush to push that; the plan would be carefully created and implemented to remove any margin for failure.
Crypto Awareness and Adoption in the US
The US has one of the highest rates of interest, awareness, and activity in the crypto industry today. US investors and traders have some of the largest stocks of Bitcoin, Ethereum, and more recently, ADA and Dogecoin. The impact of blockchain technology and cryptocurrency mining and trading has spread and is made obvious by the numerous crypto-based companies that are being founded almost monthly. A lot of these companies focus on DeFi, NFTs, crypto mining, and producing mining equipment.
There has also been a surge in the number of applications and approvals granted to crypto-based companies for the launching of crypto-ETFs and ETPs in recent weeks. Just last week, the President’s Working Group on digital finance, made up of representatives of the nation’s regulatory bodies, submitted a report and recommendation. In the report, the PWG asked the government to set up regulations that will help stabilize and secure the industry.
The SEC chairman, Gary Gensler, has also been open in his calls for stronger collaborations between creators in the cryptocurrency industry and the government.
The US provides one of the best environments that encourages crypto miners and creators and has not taken a decision to ban crypto. Going by the government’s body language, it is even safe to conclude that the government will support the industry to grow.
The future looks bright indeed. Whatever happens, it is clear that more public officer holders look favorably on cryptos!
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