New York City Mayor Eric Adams says that he will make Big Apple a Digital Advisory Council to attract jobs and investment and place it as “Crypto Capital of Globe”.
“It’s not about chasing memes or trends,” adams told Inauguration of New York City Crypto Summit on 20 May. “We want to use tomorrow’s technology to better serve New Yorkers today.”
He said, “We have experts here, and they are going to help us navigate the solutions serving our city.” “The age of tokens, including crypto and blockchain and other fintech innovations, is here, and we are going to continue moving with it.”
Adams did not share much information on the advisory group, but said that the chairman and major policy recommendations of a council would follow in the next few weeks.
We are taking the next steps in becoming the world’s crypto capital, hosting the first crypto and digital assets summit of our city! As we start, join us: https://t.co/iwo6thkasb
– Mayor Eric Adams (@nycmayor) May 20, 2025
On May 12, Adams announced the figure and private equity firms of the Financial Services Company. Help the city in your crypto Attempt.
According to Adams, New York City will also find out if some services and taxes can be paid through Crypto, as well as, as well Blockchain technology Like to manage sensitive information Birth certificate and death record,
Adams said, “Bringing blockchain security capabilities into the city means that the birth certificate and death records can remain accessible to private but new Yorkers and their next family.”
He said, “We want to bring future jobs in our city today. This means to support the development of more diverse, equitable, inclusive technical ecosystems. We should embrace this emerging technology and build on the success of our economy,” he said.
Crypto law proposed in New York
The MPs of New York State have already introduced several bills to regulate Crypto. In April, Assemblyman Clide Venon introduced a bill to amend the state’s financial law Allow New York state agencies to accept crypto As payment.
However, the law is still reach The entire house or Senate of the state.
New York State Senator James Sanders Junior proposed the Blockchain Study Act in February, which will happen Create a crypto task force To check the current status of Crypto in the state. It’s yet advance To pass through the house.
Connected: Wintermute opened the New York office, citing better American crypto rules
Adams made digital assets a big part of his policy platform and announced after assuming office in January 2022 Plan to accept its first three salary In bitcoin (BTC,
it was Accused on corruption in charge More than alleged illegal donations from Turkish government, but justice department officials made further steps Guided local authorities to intervene. The case was rejected with prejudice on 2 April, which means that it cannot be reopened.
The increasing number of American states is also working on the crypto-related law, considering bills to establish a strategic bitcoin reserve at least 18. Two states, New Hampshire and Arizona, have successfully passed the law, According For Bitcoin Reserve Monitor.
magazine: Crypto City: Guide to New York
