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Cryptocurrency News Articles
Crypto Just Got a Major Spotlight in America's Biggest City
May 21, 2025 at 08:04 pm
New York City Mayor Eric Adams has launched a new crypto advisory council and hosted the city's first-ever Crypto Summit.
New York City is setting its sights on becoming a hub for cryptocurrencies, with Mayor Eric Adams forming a crypto advisory council to guide the city’s integration of blockchain and digital assets.
The move comes as New York officials also discussed the possibility of tokenizing public systems for seamless tax payments in cryptocurrencies.
This was a key takeaway from the inaugural NYC Crypto Summit, where city leaders gathered to discuss the future of Web3 in the Big Apple.
The summit saw the presence of Assemblymember Yu-Min "Andy" Chiu, who is spearheading efforts to introduce legislation allowing New Yorkers to pay taxes in crypto.
Moreover, officials discussed the potential dismantling of the controversial BitLicense, a regulation that many believe has slowed down crypto adoption in the state.
Meanwhile, Texas is advancing in its own crypto journey with the Bitcoin Reserve Bill.
The bill, which would permit Texas to hold Bitcoin in its official reserves, has passed its second reading in the state legislature with overwhelming support.
This follows the bill’s initial approval in the House earlier this year.
After passing the Senate with 14-1 approval, the bill now heads back to the House for a final vote before reaching Governor Greg Abbott’s desk for his signature.
As these developments unfold, Bitcoin is approaching its all-time high, set during the last bull run in November 2021.
With Bitcoin price nearing new highs and both retail and institutional interest heating up, the narrative around crypto is shifting rapidly at every level—from Main Street to Wall Street, and now to City Hall.
However, with so much happening in the crypto sphere, it can be difficult to decide which tokens to invest in.
To help guide your investment decisions, we've highlighted three tokens that are making waves in the market right now.
1. BTC Bull Token ($BTCBULL)
As Bitcoin continues its march toward new highs, BTC Bull Token ($BTCBULL) is quickly becoming a fan favorite in the crypto sphere.
This isn’t just another meme coin hitching a ride on the trend. $BTCBULL is the first Bitcoin-themed meme token that actually rewards holders with real $BTC.
At each key $BTC price level—like $150K, $200K, and more—$BTCBULL triggers Bitcoin airdrops and token burns, reducing supply and increasing scarcity.
But here’s the catch: to get the airdrops, you must buy $BTCBULL through Best Wallet and keep it there. Buy elsewhere or store it in another wallet, and you’ll miss out on the rewards.
This unique structure ties the token closely to the main event—Bitcoin.
The project has already raised over $6M in presale, and the current price is still just $0.02525.
As New York City officials discuss using crypto for taxes and tokenizing city services, $BTCBull demonstrates how meme coins can capitalize on institutional hype and real-world market momentum.
If you’re looking for the best altcoins to invest in for the rest of this bull cycle, $BTCBULL is certainly one to keep an eye on.
2. Best Wallet Token ($BEST)
In a world where crypto is rapidly entering the mainstream—especially with cities like New York now considering tax payments via blockchain—we'll likely see a shift in investment focus toward the tokens that are powering the technology and applications that matter most to mainstream users.
This is where Best Wallet Token ($BEST) comes into the picture.
$BEST is the utility token behind Best Wallet, a rising Web3 Super App that's rapidly gaining attention for its modern take on crypto wallets, combining a user-friendly interface with advanced features.
While other Web3 wallets have largely focused on DeFi protocols, Best Wallet is also setting itself apart by introducing iGaming partnerships, offering users free spins, loot boxes, and boosted deposit bonuses.
This unique approach to Web3 technology has seen rapid results, with Best Wallet boasting 50% monthly user growth and over 70K followers on social media.
The token also grants access to “Upcoming Tokens,” a curated in-app launchpad that helps users discover and participate in new presales.
This presale launched exclusively inside Best Wallet, giving early users discounted access and helping the token raise over $12.5M so far.
Currently priced at $0.025055, $BEST is quickly gaining steam as Best Wallet continues to grow its user base.
If you're looking for new crypto to invest in that's backed by real-world utility and not just hype, Best Wallet Token might be the best presale to watch right now.
3. Official Trump ($TRUMP)
Let’s face it—crypto and politics are more intertwined than ever before. And in the realm of U.S. politics, few figures exert as much influence as Donald Trump.
Like him or not, Trump’s
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