NYC Mayor Eric Adams Launches Crypto Advisory Council to Boost Fintech Sector
On May 20, New York City Mayor Eric Adams announced the formation of a new crypto advisory council aimed at advancing fintech innovation and creating blockchain-related jobs across the city. The announcement was made during the city’s first-ever Crypto and Digital Assets Summit, held at Gracie Mansion.
Mayor Adams emphasized that New York is "open for crypto business," and said the council will consist of key industry leaders. A chairperson for the advisory body will be announced in the coming weeks. “We have the talent right here to help New Yorkers access real solutions through blockchain technology,” he stated.
Reaffirming his ambition to make New York City the "crypto capital of the globe," Adams said the council will make policy recommendations in the near future. He also revealed plans to explore blockchain applications for public services, such as digitizing birth and death records to streamline access for families.
“This isn’t about chasing trends,” Adams said at the summit. “We are in the age of tokenization, and New York City is going to lead the way.” He stressed the importance of building a diverse and inclusive tech ecosystem and using emerging technologies to better serve residents.
A former computer programmer, Adams shared his own tech background, including his role in creating OLTPS, the system that preceded COMPStat. He described the crypto initiative as part of a broader vision to use technology for public good.
In a direct appeal to the crypto industry, Adams encouraged companies looking to expand or return to the U.S. market to consider New York City as their base. “We want to build crypto empires right here,” he said, adding that the city would work with companies of all sizes to create a supportive business environment.