Should NYC’s Pension Funds Invest in Crypto? This Comptroller Candidate Says Yes

Reshma Patel, a Democratic candidate for New York City’s Comptroller position, talks about her “future proof” plan for the city, which centers on investing in cryptocurrencies and blockchain technology. In this episode, she discusses:

what duties the New York City Controller performs
how Reshma thinks crypto and blockchain tech can help New York City, which she calls her “future proof” plan
how a city comptroller would go about investing 1%-3% of the city’s pension funds into crypto
what type of crypto investment vehicles would be appropriate for the city to invest in
why Reshma became interested in crypto in the first place
what sort of real-world issues blockchain technology could solve in NYC, particularly in its procurement system
whether Reshma envisions an NYC blockchain solution for its procurement system being on a private or public blockchain
how the Comptroller could influence the state of New York to make the BitLicense more accessible for entrepreneurs
why NYC must compete in the blockchain/crypto space with Miami and Wyoming
how crypto could help NYC recover post-COVID
what comes next for Reshma’s campaign and why she is not allowed to receive crypto donations