NYC Mayor Eric Adams Announces Crypto Advisory Council to Boost Fintech Jobs

New York City is taking a proactive stance on digital assets with Mayor Eric Adams unveiling plans for a cryptocurrency advisory council. The initiative aims to attract fintech innovation and job growth to the city, positioning NYC as a hub for blockchain development.

"We want to use technology of tomorrow to better serve New Yorkers today," Adams declared during a summit at Gracie Mansion. The council will comprise industry experts, with leadership appointments expected in coming weeks. This MOVE signals institutional recognition of crypto’s economic potential at the municipal level.

The closed-door roundtables included participation from both established family offices and emerging unicorn startups, suggesting broad industry engagement. While no specific cryptocurrencies were named, the development could positively impact major assets like BTC and ETH through increased institutional adoption.