The New Face of New York: The City is Ready to Become a Fintech Hub with a New Crypto Council!

Jakarta, Pintu News – New York Mayor Eric Adams recently announced the formation of a Digital Asset Advisory Council. The announcement was made during a summit held at Gracie Mansion on Tuesday.

This initiative marks a major step for the city in embracing technology and economic development, with the goal of making New York a global leader in innovation and job creation in the fintech sector.

Check out the full information below!

Digital Asset Advisory Board

The newly formed council will include experts from various digital asset sectors. Mayor Adams emphasized that the council will be instrumental in helping the city leverage future technologies to better serve New Yorkers today.

A chairperson for the council will be announced soon, and the council is expected to meet regularly to provide strategic input on the adoption of technology in public services and the business environment. New York City plans to make this council a catalyst in expanding the fintech sector.

By gathering thoughts from tech leaders, investors, and government officials, the council is expected to ensure that the city remains a leader in global innovation.

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Blockchain Implementation in Public Records

One of the council’s main tasks is to explore the use of blockchain in public record keeping. Mayor Adams mentioned that the city is considering incorporating birth and death certificates into the blockchain system. This will allow families to access official documents faster and more securely.

While there are no immediate implementation plans, discussions are expected to begin in the near future. City officials believe that the system can make it easier for families to take care of important records in times of distress. The move also follows the growing interest of public institutions in using blockchain to modernize data systems.

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Industry and Startup Participation

The summit involved not only public announcements but also closed-door discussions. Attendees included family offices, tech startups, and investment firms. Richard Hecker of Traction and Scale, a logistics company involved in the event, confirmed the participation of several unicorn startups.

Andrew Durgee, co-CEO of Republic, stated that his company remains in New York despite challenges in the regulatory space. Durgee also mentioned that more tech professionals are returning to the US from overseas amid the evolving crypto regulations in the US.

He believes they are looking for strong cities to support their businesses, and New York could be a preferred choice if it builds the right environment.

Conclusion

By establishing this advisory board, New York City aims to create a more favorable environment for startups and established companies. The initiative is also expected to encourage further growth in the local tech job market.

Through this move, Mayor Adams is sending a clear message that New York is open for business and ready to lead in the adoption of technologies that can boost its economy.

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Reference

• Coingape. New York Mayor Eric Adams Forms Crypto Council to Attract Fintech Jobs. Accessed on May 22, 2025
• Featured Image: Generated by AI