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

BTCC / BTCC Square / Coindesk /

Author:

Release Time:

2025-05-20 19:38:59

NYC Mayor Eric Adams Creating Crypto Advisory Council

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.

By:

Log in to Reply

Apollo’s Tokenized Credit Fund Charges Onto Solana—Wall Street’s Latest Trojan Horse in DeFi

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.