New York City is making bold moves to cement its status as the world’s “crypto capital,” as Mayor Eric Adams announced the formation of a Digital Assets Advisory Council at the inaugural NYC Crypto Summit.

This high-profile initiative aims to turbocharge fintech job growth, attract blockchain investment, and integrate crypto technologies into the very fabric of city life—signaling a new era for digital assets in Manhattan.

"My goal remains the same as it was day-one as mayor, making New York City the crypto capital of the globe."

More Than Just a Trend or Meme

Mayor Adams, long known as the “Bitcoin Mayor” for famously taking his first three paychecks in Bitcoin and Ethereum, reaffirmed his unwavering commitment to making New York City the epicenter of blockchain innovation.

Adams emphasized that this initiative goes far beyond chasing the latest crypto trends or meme coins, but its driven by a desire for New York to tap into the potential of blockchain technology.

“We want to use the technology of tomorrow to better serve New Yorkers today.”

In partnership with NYC CTO Matthew Fraser, Adams outlined plans to leverage blockchain for managing vital records such as birth and death certificates.

This would ensure privacy, security, and seamless access for families—demonstrating a real-world use case for decentralized technology in public administration.

Fraser also spotlighted financial inclusion as a core pillar of the city’s blockchain strategy. He teased upcoming pilot programs that could allow unbanked residents to pay for city services using cryptocurrencies, breaking down barriers to access and empowering underserved communities.

“We’re not just talking about innovation—we’re talking about survival.”

Building a Blockchain Dream Team

Adam, who channeled his inner Captain Kirk calls for visionary leaders to join the council and help steer New York’s crypto future.

He reiterated his commitment to weaving blockchain and digital assets into everyday city operations, from public records to payments.

Addressing the crypto community, Adams acknowledged the challenges and regulatory headwinds the industry has faced.

“You were harassed, you were demonized. You were treated as though you were the enemy. But your resiliency is admirable, and it will all pay off, because everyone is going to come around.”

Adams didn't share further details on the advisory group, but said a council chair and key policy recommendations would follow in the next few weeks.

Since his headline-grabbing crypto paycheck conversion in 2022, Adams has emerged as one of America’s most prominent political champions for digital assets.

His aggressive push for blockchain adoption is positioning New York as a magnet for crypto startups, Web3 talent, and institutional investment—rivaling even Miami and Silicon Valley.

As the Digital Assets Advisory Council prepares to unveil its first policy recommendations, all eyes are on Manhattan.

Will New York’s bold crypto playbook set the standard for American cities and ignite the next wave of blockchain innovation?