Yigit Taha OZTURK 
The iconic skyline of New York, known for its financial dominance, is now aligning with a new ambition: becoming the crypto capital of the world. Amid rising interest in blockchain and digital assets, the city is setting a bold example for urban innovation.
New York City Mayor Eric Adams announced the formation of a Digital Advisory Council aimed at steering policy, attracting investment, and building a sustainable crypto ecosystem.
Crypto Is Not a Trend, It’s the Future
At the NYC Crypto Summit on May 20, Adams emphasized that the initiative goes beyond fleeting trends. “This is not about chasing memes,” he said, “but about using the technology of tomorrow to improve lives today.”
You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!
The advisory group will focus on integrating blockchain technologies into city operations, including sensitive data management like birth and death certificates. The mayor underscored the value of data security and accessibility for New Yorkers.
Exploring Crypto Payments for City Services
Adams also revealed that the city is exploring the possibility of allowing taxes and public services to be paid with cryptocurrencies such as Bitcoin and Ethereum. Strategic partnerships with financial firms like Figure, Traction, and Scale have already been established.
Meanwhile, New York State lawmakers are considering bills that would allow agencies to accept crypto payments and establish broader crypto oversight. One such proposal—the Blockchain Study Act—would create a dedicated task force to assess the local crypto ecosystem.
Adams’ Crypto Legacy and Vision
Since taking office in January 2022, Adams has championed digital assets, even receiving his first three paychecks in Bitcoin. Although he faced legal scrutiny over alleged foreign donations, the case was dismissed in April.
Now, Adams is doubling down on his vision to turn New York into a global leader in crypto innovation—a move watched closely by policymakers and tech investors alike.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.