New York City Mayor Eric Adams announced the launch of a Digital Assets Advisory Council during the city’s inaugural Crypto and Digital Assets Summit at Gracie Mansion
New York City Mayor Eric Adams announced the launch of a Digital Assets Advisory Council during the city’s inaugural Crypto and Digital Assets Summit at Gracie Mansion. The council aims to guide the city’s strategy on digital assets and blockchain innovation, attract fintech jobs, and integrate blockchain technology into city services. Adams emphasized that the initiative is focused on practical applications rather than speculative trends, highlighting projects such as death certificates on the blockchain. The mayor, known as the “Bitcoin Mayor,” noted he was the first mayor to take his first three paychecks in Bitcoin. This move marks a shift from New York’s previous stringent regulations on cryptocurrencies, such as the 2015 Bitlicense, with Adams calling for the government to reduce regulatory barriers to attract crypto companies. The initiative reflects the city’s ambition to become a leading hub for cryptocurrency and blockchain innovation. Meanwhile, polls indicate that Adams is expected to leave office next year, with Andrew Cuomo leading the Democratic mayoral primary race.
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Source: https://thedefiant.io/news/regulation/nyc-mayor-eric-adams-launches-digital-assets-advisory-council-inaugural-crypto-8a2f8cff