According to City Hall sources, Eric Adams and the crypto advisory council are signaling NYC’s bold step towards digital growth. Mayor Eric Adams announced the new council during the City’s first crypto and Digital Assets summit.
He said the council will focus on creating strong strategies that will support financial technology, bring new jobs, and attract long-term investment to the city.
Focused Commitment Beyond the Hype
Mayor Adams made it clear that this plan will not follow the short-term trends. Eric Admas and the crypto advisory council are meant to be a serious group to study and use new technologies like Blockchain and Cryptocurrency to improve the city’s future.
Officials believe the council will suggest rules that can bring digital finance into the city services. This might include using Blockchain to protect important records and allow people to pay city fees with Cryptocurrency.
Blockchain in Public Services
New York City’s Chief Technology Officer, Matthew Fraser, said that Blockchain is a tool that can help the government to work better. He explained how Blockchain could be used to keep important documents like birth and death certificates safe and private.
Eric Admas and the crypto advisory council have a task force looking at how new technologies like Blockchain can be used responsibly, particularly in government services. Their main aim is to make sure these systems keep the information safe and private while also making sure it is easy for people to access it when they need it.
Voices from the Industry
People in the tech industry supported the announcement and said that clear rules were needed for a long time. Morgan Ellis, a Blockchain expert from Manhattan, said that Adams is creating something strong and stable. Eric Adams and the crypto advisory council are focused on creating strong and smart systems and are not just making news.
Startup founders, too, share their thoughts. Amanda Lei, who runs a crypto payment company in the Bronx, said she liked the plan, and this council might help to connect city officials and tech creators who are building new tools.
The summit also had a private group session where experts shared ideas for trial projects and new rules. These suggestions will now be reviewed by Eric Admas and the crypto advisory council for official consideration.
A Tool for Financial Inclusion
One of the main goals of the mayor is to make services easier to access. Fraser said the city is looking into test programs where people could pay taxes and fees with cryptocurrency. This might really help the nearly one million New Yorkers who don’t have bank accounts.
Eric Admas and the crypto advisory council will be looking into how these ideas can work, including the legal and technical issues that need to be solved. Mayor Adams wants to create a financial system that works for everyone and not just for people who are already in the tech world.
Adams Pushes Forward Despite Legislative Hurdles
Even though City Hall supports these ideas, they need help from Albany, the state government. Some state lawmakers have suggested bills that would make it easier to use Crypto like allowing people to pay for state services with the help of digital money. But most of these bills have not been approved yet.
Adams is not giving up. He said that we are not just trying new things but we are making sure that we can keep up and stay strong. According to him, if New York doesn’t act now, it will fall behind others.
He also praised people in the crypto world by saying, “You were treated like criminals, but you still kept going. Now your hard work is helping to build the city’s future”.
Eric Admas and the crypto advisory council will play an important role in turning that determination into real actions that help the city grow while protecting people’s interests.
Conclusion
Eric Admas and the crypto advisory council are seriously trying to bring Blockchain and digital finance to the city government. By focusing on protecting days, including more people in finance, and improving public services.
Mayor Adams is helping New York City to become a leader in Fintech. Though there are some unclear rules, this Council shows a new way of using technology to improve the city.
FAQs
1. Who launched the crypto advisory council in NYC?
Mayor Eric Adams.
2. What is the goal of the crypto advisory council?
To make NYC a global crypto capital.
3. When was the council announced?
At NYC’s first Crypto and Digital Assets summit in 2025.
4. What will the council focus on?
Creating strategies to support fintech, jobs, and investments.
5. How can Blockchain help NYC’s public services?
By protecting important records and enabling crypto payments.
Glossary
Crypto Advisory Council- NYC’s expert team shaping its crypto future.
Digital Assets Summit- NYC’s key event on crypto innovation.
Fintech- The fusion of finance and technology creates smarter ways to handle money and services.
Digital Finance Strategy- A long-term plan to weave crypto and blockchain into everyday life,
Crypto Payment Systems- New-age tools allowing digital money transactions that connect tech innovators and the public.
Sources
Coin Telegraph
Crypto Rank
Crypto News
Read More: Pay NYC Taxes in Crypto? Mayor Adams’ New Council Says It’s Coming">Pay NYC Taxes in Crypto? Mayor Adams’ New Council Says It’s Coming
