The mayor of Up-to-date York, Eric Adams, says that he will create a digital advisory council to attract work and investments to a huge apple and set them as “Globe cryptographic capital”.
“It’s not about racing memes or trends”, Adams he said The inaugural cryptographic peak in Up-to-date York on May 20. “We want to use tomorrow’s technology to better serve New York.”
“We have experts here, and they will help us move in the solutions that serve our city,” he added. “The age of tokenization, which includes crypto and blockchain and other fintech innovations, this age is here and we will continue with it.”
Adams did not provide further details about the advisory group, but said that in the next few weeks the chairman of the council and key recommendations regarding politics would take place.
We will take the next step, becoming Crypto’s Capitol in the world, organizing the first cryptographic and digital peak in our city! Join us live when we start: https://t.co/iwo6thkasb
– Mayor Eric Adams (@nycmayor) May 20, 2025
On May 12, Adams announced that Financial Services Company and Private Equity Traction and Scale would support the city in its crypt.
According to Adams in Up-to-date York, it will also be examined whether some services and taxes can be paid via cryptocurrencies, as well as the exploit of blockchain technology to manage sensitive information, such as birth certificates and death registers.
“Introducing blockchain safety opportunities to the city means that birth acts and death registers may remain private, but available to New Yorkers and their closest relatives,” said Adams.
“We want to introduce the work of the future to our city today. This means supporting the development of a more diverse, fair, integration technological ecosystem. We must accept this developing technology and use the success of our economy,” he added.
Cryptographic legislation proposed in Up-to-date York
Up-to-date York status legislators have already introduced several bills to regulate cryptocurrencies. In April, Assemblyman Clyde Vanel presented a draft act amending state financial law to enable Up-to-date York state agencies to accept cryptography as payments.
However, the legislation is not yet there reception Full State House or Senate of State.
In February, the senator of Up-to-date York James Sanders JR proposed a blockchain law that would create a cryptocurrency task group to examine the current state of cryptocurrency in this state. It is not yet achievement next to the house.
Related: Wintermute opens an office in Up-to-date York, citing improved cryptocurrency principles in the USA
Adams made digital assets a significant part of its political platform after taking office in January 2022 and announced a plan to accept their first three payments at Bitcoin (BTC).
He was accused of corruption allegations of alleged illegal donations from the Turkish government, but the officials of the Department of Justice entered and sent local authorities to intervene. The case was distant with prejudices on April 2, which means that it cannot be re -opened.
The growing number of US countries is also working on the provisions related to cryptowal, with at least 18 bills include a strategic Bitcoin reserve. Two states, Up-to-date Hampshire and Arizona, successfully adopted legislation, According to for Bitcoin reserve monitor.
Warehouse: Crypto City: Up-to-date York guide
