New York City Establishes Digital Assets Advisory Council for Fintech Growth
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TLDR NYC Mayor Eric Adams announced a new Digital Assets Advisory Council to boost fintech jobs The council will explore blockchain applications for birth and death certificates Announcement came during a summit at Gracie Mansion with tech leaders and investors Mayor Adams has previously supported Bitcoin and wants NYC to be a “crypto capital” The council chair and policy recommendations will be announced in coming weeks New York City is making a bold move into the cryptocurrency and blockchain space with Mayor Eric Adams announcing the formation of a new Digital Assets Advisory Council. The announcement came during a summit held at Gracie Mansion on Tuesday, where technology leaders, investors, and government officials gathered to discuss the future of digital finance in the city. The mayor emphasized that the council will focus on expanding New York’s presence in the fintech sector while creating more jobs in the technology industry. “We want to use technology of tomorrow to better serve New Yorkers today,” Adams stated during the event. According to city officials, the council will include experts from various sectors of the digital assets industry. While a chairperson has not yet been named, an announcement is expected in the coming weeks. The council will meet regularly to provide strategic input on how technology can be adopted in public services and business environments. This initiative is part of Mayor Adams’ broader vision to establish New York City as the world’s “crypto capital.” Blockchain for Public Records One of the key areas the council will explore is the use of blockchain technology for public recordkeeping. Mayor Adams specifically mentioned the potential implementation of blockchain systems for birth and death certificates. “We’re also looking at the power of blockchain and how it can be used to manage sensitive information, like our vital records,” Adams…
Filed under: News - @ May 21, 2025 3:29 pm