NYC Mayor Eric Adams Doubles Down on Crypto—Launches Advisory Council Amid Market Turbulence

New York City’s pro-crypto mayor isn’t backing down. Eric Adams—a Bitcoin booster since day one—is assembling a cryptocurrency advisory council to ’guide policy and innovation.’ Because nothing says ’financial revolution’ like another layer of bureaucracy.

The move comes as regulators tighten the screws industry-wide. Adams’ council will likely push for clearer rules—or at least try to keep NYC from scaring off crypto firms like San Francisco did. Expect a mix of industry insiders and skeptical policymakers at the table.

Wall Street’s old guard is rolling its eyes. But with 1 in 5 NYC residents reportedly dabbling in crypto, Adams is betting that pandering to digital asset voters—and their tax revenue—is worth the political capital. Just don’t ask about his Bitcoin paycheck stunt.