New York is going all in on crypto. Mayor Eric Adams just launched a new crypto council aimed at turning the city into a global fintech hub. The mission? Attract startups, create jobs, and modernize public services with blockchain tech. This isn’t about hype—it’s about building a future-ready economy.
Crypto Council Wants to Make New York a Fintech Leader
Mayor Eric Adams announced the formation of the Digital Assets Advisory Council during a summit at Gracie Mansion. His message was clear: New York is open for crypto business. The crypto council will guide the city as it explores blockchain and other fintech innovations.
Adams wants the city to lead—not follow—when it comes to digital finance. That includes helping startups set up shop, creating local jobs, and building new services using blockchain. Tech leaders, investors, and city officials have joined the conversation. A council chair will be appointed soon.
We’re taking the next step in becoming the Crypto Capitol of the WORLD, hosting our city’s first-ever Crypto and Digital Assets Summit! Join us LIVE as we get started: https://t.co/iwO6ThkaSB
— Mayor Eric Adams (@NYCMayor) May 20, 2025
Crypto Council Focuses on Real-World Use Cases
One key job of the crypto council is to explore how blockchain can improve city services. Top of the list? Birth and death certificates. Adams said these records could be moved to a secure blockchain system, making them easier and faster to access.
This would cut down on paperwork and reduce delays for families. Blockchain could also protect sensitive data while keeping it accessible to those who need it. While no official timeline exists, the plan shows how the city wants to use real tech—not just talk—to make life better for New Yorkers.
Crypto Council Wants to Attract Fintech Jobs and Startups
The summit brought in founders, family offices, and venture capital firms. Startups with billion-dollar valuations joined private talks about investing in the city. Adams says building the right environment will attract top talent and bring fintech jobs to New York.
Andrew Durgee, co-CEO of Republic, said that as crypto regulation evolves, U.S.-based tech workers are coming home. They’re looking for strong cities with strong policies. If New York plays its cards right, it could become the top choice for fintech founders.
Eric Adams Has a Bigger Crypto Vision
Mayor Adams isn’t stopping with the crypto council. He wants to allow city services and taxes to be paid in crypto. He’s also working with firms like Figure, Traction, and Scale to bring private investment into the space.
Adams says this isn’t about chasing trends. It’s about preparing for the age of tokenization. That includes crypto, blockchain, and other digital asset innovations. He’s aiming to create a diverse and inclusive tech ecosystem that delivers results now—not someday.
Crypto Council Could Shape State Policy
New York lawmakers are already working on crypto legislation. Some want to allow state agencies to accept crypto payments. Others are pushing for a state-level crypto task force to study blockchain’s potential. While these bills are still in early stages, Adams’ move adds pressure to act.
Mayor Adams has been pro-crypto since day one. He even took his first three paychecks in Bitcoin. Despite some past legal distractions, he’s stayed focused on making New York the “crypto capital of the globe.” The crypto council is his next step in turning that vision into reality.
