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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Updated by:
Zameer Attar
Updated
Reviewed by:
Zafar Naik
Reviewed
- May 21, 2025 12:04 UTC
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NYC to Become ‘Crypto Capital of the World,’ Says Mayor Adams at Crypto Summit
Mayor Eric Adams launched a Crypto Advisory Council to position NYC as the global blockchain leader.
At the NYC Crypto Summit, Adams reaffirmed his commitment to making New York the “Crypto Capital of the World.”
Industry leaders and city officials backed plans to use blockchain for secure public services and innovation.
New York City Mayor Eric Adams has come up with his ambitious plan to transform NYC into the global epicenter for cryptocurrency and blockchain technology.
At the inaugural NYC Crypto Summit held at Gracie Mansion, Adams unveiled the Crypto Digital Assets Advisory Council. Addressing the gathering full of crypto enthusiasts and investors, he took the stage and affirmed his dream to make New York the “Crypto Capital of the World.”
Adams’ Crypto Council to Transform NYC with Blockchain
Adams, who made headlines in 2022 by accepting his first three paychecks in Bitcoin and Ethereum, stressed that this isn’t about chasing fads.
“We want to use the technology of tomorrow to better serve New Yorkers today,” he declared.
NYC CTO Matthew Fraser did not hold back. He stresses on leveraging blockchain to secure crucial records like birth and death certificates, promising improved efficiency and security for public services.
The council that includes crypto experts, will meet regularly to formulate policy, with details on its chair and recommendations expected soon.
Industry Titans Join New York’s Vision
The summit attracted industry tycoons, including family offices, technology startups, and fintech companies.
Richard Hecker of Traction and Scale highlighted the presence of unicorn startups, while Andrew Durgee, co-CEO of Republic, announced his firm’s commitment to New York despite regulatory challenges.
Adams regards himself as Star Trek’s Captain Kirk. He reached out to collaborators to join his mission, confessing the crypto industry’s past struggles. “You were harassed, you were demonized,” he told attendees, praising their solidarity and predicting a bright future.
In a Nutshell
With a strong crypto advocacy, Adams has led NYC in a race to become the crypto capital of the world.
Trump’s recent crypto-friendly policies further give wings to Adams’s dream initiative. By signaling that New York is “open for business,” Adams is positioning the city as a beacon for blockchain innovation, ready to lead the charge in the digital age.
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