New York City Mayor Eric Adams said he will be doing a digital advisory council to attract jobs and investments in Big Apple and position it as the “crypto capital of the world.”
“It’s not about chasing memes or trends,” Adams said The Inaugural New York City Crypto Summit on May 20. “We want to use tomorrow’s technology to better serve New Yorkers today.”
“We have experts here, and will help them navigate solutions that serve our city,” he added. “The age of tokenization, which includes crypto and blockchain and other innovative finishes, that age is here, and we will continue to move forward with it.”
Adams did not share additional details with the counselor group, but a council chairman said and the recommendations of the basic policy will be followed in the next few weeks.
We take the next step in being the world’s crypto capitol, hosting the first of our crypto and digital assets summit! Join us live as we started: https://t.co/iwo6thkasb
– Mayor Eric Adams (@nycmayor) May 20, 2025
On May 12, Adams announced Figure Financial Services figure and private equity firms traction and scale would be helping the city in its crypto efforts.
New York City will also explore if some services and taxes can be paid by crypto, according to Adams, including use Blockchain tech To manage sensitive information such as Birth certificates and death records.
“Carrying the city’s blockchain security capabilities means that birth certificates and death notes can remain private but accessible to New Yorkers and their next relative,” Adams said.
“We want to bring future jobs to our city today. It means supporting the development of a more diverse, equal, inclusive tech ecosystem. We must embrace this emerging technology and develop the success of our economy,” he added.
Crypto law proposed in New York
New York State lawmakers have already introduced several bills to repair crypto. In April, Assemblyman Clyde Vanel introduced a bill to change state financial law to Allow New York State Agencies to accept crypto as payment.
However, the law is not yet reach whole house or state senate.
New York State Senator James Sanders JR proposed the Blockchain Study Act in February, which Create a Crypto work force To investigate the current crypto state in the state. It still has Advance The house passed.
Related: Wintermute opens the New York Office, citing improved crypto rules
Adams made digital assets a large portion of his policy platform after the supposed office in January 2022 and announced a Plans to accept his first three salaries In Bitcoin (Btc).
He is accused of corruption charges In alleged illegal donations from the Turkish government, but Justice Department officials came in and directed by local authorities to intervene. The case was removed with prejudice on April 2, meaning it would not open.
An increasing number of US states is also working in crypto-related law, with at least 18 considering the bills to establish a strategic bitcoin reserve. Two states, New Hampshire and Arizona, has successfully passed the law, According to In the Bitcoin Reserve Monitor.
Magazine: Crypto City: Guide to New York
