NYC’s 'Bitcoin Mayor' Eric Adams Reveals Plans to Boost 'Demonized' Crypto Industry
Mayor Eric Adams announced the creation of a digital assets advisory council at the inaugural NYC Crypto Summit, aiming to establish New York City as the world's "crypto capital." The council will focus on attracting fintech jobs and investments. Specific details about the council's leadership and policy recommendations will be revealed soon. Adams emphasized the importance of using blockchain technology for managing sensitive information, such as vital records, and exploring cryptocurrency for city services and tax payments. He expressed a commitment to integrating crypto and blockchain into city operations. The summit provided a platform for crypto enthusiasts to share ideas, with a focus on overcoming challenges in the industry. Adams plans to run for re-election as an independent amid a federal corruption investigation that was dismissed. He reassured attendees of a positive shift in the crypto landscape, acknowledging past challenges faced by the industry.
