Chicago Mayor Sees Big Future Ahead for Crypto

Chicago Mayor Sees Big Future Ahead for Crypto


The mayor of Chicago, Rahm Emanuel, has delivered a key message during his speech at the fintech meeting – mass crypto adoption may be inevitable.

The former chief of staff at the White House during Barack Obama’s term, as well as the former House of Representative from Chicago, Rahm is known as a great speaker.

He spoke about cryptocurrencies in the light of the financial crisis that certain countries, such as Iran and Venezuela, have been experiencing recently, and the general outlook for the digital currencies.

“Nation states are falling apart, or receding. City states are emerging, so the political structures we all grew up under are changing. One day, somebody’s going to figure out – whether that’s Argentina, ten years from now, five years from now – how to use cryptocurrencies to stay alive when their facing a financial crisis, and then you’re going to find out that this moment has arrived,” said Emanuel, when asked about crypto as a possible way to maintain the global financial ecosystem in the future.

Another question posed to the mayor was one regarding Chicago following the lead of Colorado and Wyoming in the context of crypto legislation adoption. Emanuel said he is not aware of the developments in these countries, however,  he is open to help and facilitate similar processes.

One big part of his speech, and questions that followed, was focused on the resources that Chicago has compared to other big cities. According to the mayor, around 145,000 BAs are delivered every year in Chicago to students. The figure says volumes about the talent that Chicago has to offer.

“I wouldn’t limit it to cryptocurrency. That’s obviously the hottest space. There’s a lot of other things that go on in the financial or in FinTech that is necessary and has to be researched, and then has to be innovated, taking that research and set it up as a startup, but I see the hottest thing right now is in that space, in that area.”

And no, Emanuel confirmed to the audience he doesn’t own any cryptocurrency.