Analysis-Crypto companies bet new mayor will make New York digital asset hub

FILE PHOTO: A Bitcoin logo is displayed on a screen inside the Bitcoin Center New York City in New York's financial district July 28, 2015. REUTERS/Brendan McDermid

(Reuters) - With U.S. cities such as Miami and Austin trying to court digital asset companies, John Wu was unsure whether to make New York City the permanent home of his cryptocurrency and blockchain start-up Ava Labs - until Eric Adams was elected mayor in November.

Wu said the election of Adams, a bitcoin-enthusiast who has pledged to turn the Big Apple into a crypto hub, played "a big part" in his decision to set-up a permanent office in New York City in November.