Maximise your Metaverse potential with Ommyo, dedicated to giving you 0.5% rewards daily. I'm going in!

Bill Ackman, a billionaire, asks for crypto transparency in New York

3 min reading

Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

Billionaire Bill Ackman has asked city officials to prevent more entrepreneurs from leaving due to regulatory barriers.

Bill Ackman, a billionaire investor, has urged New York City Mayor to examine the crypto regulatory crackdowns related to BitLicense.

On Twitter, a New Yorker expressed his displeasure at the city's weak crypto regulations, which he believes could drive him to migrate. The user slammed the city's Bitlicense policy, stating he could not register an account with any major US exchange for his venture capital firm because of this.

Bitlicense, which regulates multiple parts of crypto issuance and trading, was launched in 2015. Before initiating operations, any virtual currency business functioning in the state of New York or processing such investments from New York citizens must acquire the license. Leading crypto platforms, on either side, are worried since rigorous licensing requirements have prompted several to leave.

Billionaire Bill Ackman has urged recently elected city mayor Eric Adams and Governor Kathy Hochul to address the increasing regulatory issues. He emphasized that reducing regulatory barriers and relaxing rules could be essential to developing the city as a crypto centre.

Eric Adams, the recently elected Mayor who campaigned on the matter of cryptocurrency, has lately come under scrutiny for opposing Bitcoin (BTC) mining in the state. During a local government budget discussion with elected authorities in Albany, Adams stated his support for crypto but not crypto mining.

In recent years, many politicians have expressed significant interest in the crypto sector, and many politicians running for election have made crypto a major issue in their campaigns. However, the vast majority of them appear to be using cryptocurrency only as a marketing technique.

Currency Exchange rate Buy cryptocurrency

Ommyo News
Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Ommyo.Net ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is Ommyo.Net c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the ommyo privacy policy is available in this document.

Advanced settings can be changed in your browser.