New York City Mayor Eric Adams continues to position the Big Apple at the forefront of the tech revolution. This time, he announced the creation of a new crypto advisory board, designed to attract jobs, innovation, and top global talent to the heart of the city.
During the first-ever crypto summit held at Gracie Mansion, the mayor’s official residence, Adams unveiled plans to establish a Digital Asset Advisory Board. This council will be composed of leading experts from the crypto and fintech sectors and will present concrete policy recommendations to support the industry’s growth in New York. The board’s chair is expected to be announced in the coming weeks.
🔗 "New York is Open for Crypto," Says Adams
The mayor made his ambitions clear: he wants New York to become the “crypto capital of the world.” And he’s not stopping at slogans.
At the summit, Adams emphasized that digital assets can have practical, everyday value for New Yorkers. For example, he proposed storing birth and death certificates on the blockchain, making them more accessible to families and reducing bureaucratic friction.
💬 “Using Tomorrow’s Tech to Better Serve Today’s Citizens”
Adams, who proudly calls himself a “tech mayor,” spoke about his background in programming and developing government data systems. “We want to use tomorrow’s technology to better serve today’s New Yorkers,” he said. According to him, the goal is to create a diverse, fair, and inclusive tech ecosystem accessible to all communities.
He also noted that the world is entering the era of tokenization, and New York is preparing to take an active role in this transformation.
🏙️ A Call for Crypto Companies: Choose New York
Adams issued an open invitation to crypto companies returning to the U.S. or expanding their presence, encouraging them to set up shop in New York. “We’re ready to build crypto empires,” he declared at a press conference.
His strategy includes collaborating with companies of all sizes, creating a welcoming regulatory environment, and attracting world-class talent. He also stressed that New York can provide opportunities for underbanked communities, giving everyone a fair shot in the digital economy.
⚖️ Regulation – Yes, But Without Barriers
In the past, Adams criticized the state’s BitLicense framework, calling it an obstacle to innovation. Shortly after taking office in 2022, he advocated for its removal. Today, however, his tone is more balanced — he acknowledges the importance of having clear and safe rules that protect investors and prevent abuse.
💬 Will Adams truly turn New York into the global capital of crypto? Or will the city remain a symbol of untapped potential?
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