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May 21.2025

2 Minutes Read

NYC’s Ambitious Plans to Become the Crypto Capital of the Globe

NYC Mayor Eric Adams launches crypto advisory council

NYC Aims to Become the Crypto Capital of the Globe

In a bold move to position New York City as a front-runner in the digital currency revolution, Mayor Eric Adams has unveiled plans to establish a digital advisory council aimed at integrating cryptocurrency into the urban landscape. During the inaugural New York City Crypto Summit, Adams declared his mission: "We want to use the technology of tomorrow to better serve New Yorkers today." This statement underscores his commitment to using innovative financial technologies to enhance city services and promote economic growth.

The Role of Technology in City Management

Adams elaborated on potential applications of blockchain technology, suggesting that it could transform the management of sensitive information such as birth and death certificates, ensuring privacy while maintaining accessibility. Adams remarked, "Bringing blockchain security capabilities to the city means that birth certificates and death records can remain private but accessible to New Yorkers and their next of kin." This innovative approach not only modernizes record-keeping but also aims to bolster the city's technological infrastructure.

Investing in Future Job Markets

At the core of Adams' initiative is the desire to attract job growth and investments in the tech sector. To do this, the city will collaborate with financial services companies, such as Figure, to navigate the emerging landscape of digital assets. The Mayor emphasized the importance of fostering a diverse and inclusive tech ecosystem that provides equitable opportunities for all New Yorkers. "We want to bring jobs of the future to our city today," he noted, highlighting the potential for crypto-related jobs to benefit the local economy.

Legislative Support for Crypto Initiatives

New York State lawmakers have also shown momentum towards embracing cryptocurrency, introducing several bills that would allow state agencies to accept crypto payments. This movement aligns with Adams' vision, indicating a willingness at both city and state levels to integrate cryptocurrency and digital asset management into everyday governance.

Looking Ahead: A Pivotal Moment for NYC

As plans for the digital advisory council unfold, excitement builds within the crypto community. Adams' proactive stance reflects an understanding of the global shift towards digital currencies and the necessity for New York to remain competitive in this evolving landscape. With expert guidance on the horizon, the city is gearing up to embrace the age of tokenization.

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12.05.2025

Why Bitcoin Price Levels at $93,000 Are Crucial for Investors

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NYC’s Ambitious Plans to Become the Crypto Capital of the Globe

NYC Aims to Become the Crypto Capital of the Globe

The Role of Technology in City Management

Investing in Future Job Markets

Legislative Support for Crypto Initiatives

Looking Ahead: A Pivotal Moment for NYC

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