NYC Mayor Eric Adams launches crypto advisory council

New York Metropolis Mayor Eric Adams says he’ll create a digital advisory council to draw jobs and funding to the Massive Apple and place it because the “crypto capital of the globe.”

“This isn’t about chasing memes or traits,” Adams told the inaugural New York Metropolis Crypto Summit on Might 20. “We need to use the know-how of tomorrow to higher serve New Yorkers at the moment.”

“We have now consultants proper right here, and they’re going to assist us navigate options that serve our metropolis,” he added. “The age of tokenization, which incorporates crypto and blockchain and different fintech improvements, that age is right here, and we’re going to proceed to maneuver ahead with it.”

Adams didn’t share additional particulars on the advisory group, however mentioned a council chair and key coverage suggestions would comply with within the subsequent few weeks.

We’re taking the subsequent step in changing into the Crypto Capitol of the WORLD, internet hosting our metropolis’s first-ever Crypto and Digital Property Summit! Be a part of us LIVE as we get began: https://t.co/iwO6ThkaSB

— Mayor Eric Adams (@NYCMayor) May 20, 2025

On Might 12, Adams introduced monetary providers firm Determine and personal fairness corporations Traction and Scale can be assisting the city in its crypto efforts.

New York Metropolis may even be exploring whether or not sure providers and taxes will be paid by way of crypto, in keeping with Adams, together with utilizing blockchain tech to handle delicate info reminiscent of birth certificates and death records.

“Bringing blockchain safety capabilities to town signifies that beginning certificates and loss of life information can stay personal however accessible to New Yorkers and their subsequent of kin,” Adams mentioned.

“We need to convey jobs of the long run to our metropolis at the moment. Meaning supporting the event of a extra various, equitable, inclusive tech ecosystem. We should embrace this rising know-how and construct on the success of our economic system,” he added.

Crypto laws proposed in New York 

New York State lawmakers have already launched a number of payments to manage crypto. In April, Assemblyman Clyde Vanel launched a invoice to amend the state’s monetary regulation to allow New York State agencies to accept crypto as cost.