NYC to Become ‘Crypto Capital of the World,’ Says Mayor Adams at Crypto Summit

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.