New York Mayor Appoints Crypto Advisor After Corruption Case Dropped

Jakarta, Pintu News – New York City Mayor Eric Adams is back in the spotlight after appointing two new advisors from the crypto industry. The move comes just weeks after the US Department of Justice under President Donald Trump dropped a major corruption case against him. The decision marks Adams’ renewed focus on encouraging economic innovation based on digital technology, especially cryptocurrency and blockchain.

Advisory Appointments and Digital Finance Innovation Ambitions

In a press conference held at Gracie Mansion on May 12, 2025, Adams announced the appointment of two advisors: June Ou, founder of blockchain company Figure, and Richie Hecker, CEO of Traction and Scale. Both are tasked with helping the city explore the utilization of cryptocurrencies, blockchain technology, and Web3 for public benefit and economic growth.

Adams emphasized that New York City is open to crypto and fintech industry players, stressing that the focus is on long-term value, not temporary trends. Adams previously made news for accepting his first three salaries in Bitcoin (BTC) upon taking office in 2022, as a public show of support for crypto.

Also Read: Bitcoin Approaches Rp1.74 Billion: Trend Analysis and Challenges May 2025

New York City’s First Crypto Conference

As part of his new push into digital finance, Adams also announced that New York will host the first cryptocurrency conference on May 20, 2025. The event is designed to gather innovators, investors and policymakers to shape the city’s digital finance future.

The mayor said that New York has the potential to rival Silicon Valley as a center of blockchain innovation. He also highlighted the potential of this technology in expanding financial inclusion, especially for communities that have been underserved by the traditional financial system.

Corruption Case Cancellation and Political Controversy

This announcement comes shortly after the surprise dismissal of a federal corruption case that had dogged Adams for months. The case, which concerned alleged illegal donations from the Turkish government, was dismissed by the US Department of Justice as “with prejudice,” meaning it cannot be reopened.

US District Judge Dale Ho criticized this decision, stating that the annulment “appears to be a compromise” between Adams and federal authorities. There is speculation that this decision is related to Adams’ more lenient immigration policy or changing political stance.

Political Relationship with Trump and Change of Affiliation

Just days before the crypto advisor announcement, Adams was known to have met with President Trump at the White House. The meeting led to speculation about a connection between Trump’s support for Adams and the dropping of his corruption case.

Adams, originally a member of the Democratic Party, is now seen to be more in line with Trump’s policies on immigration and security issues. In fact, she ran as an independent in the last election, indicating a significant political shift.

However, Adams denied any reciprocal relationship with Trump and stated that their meeting was a “policy dialog.” However, the public and political observers continue to question the timing and motivation behind the series of decisions.

Conclusion

Eric Adams’ move to appoint crypto advisors and refocus his policies on digital innovation brings both hope and controversy. While some see it as an economic modernization strategy, criticism of political integrity and transparency remains a major concern. The combination of crypto and politics now points to new challenges in urban governance.

Also Read: 3 Altcoins that Catch Analysts’ Attention Amid Positive Market Sentiment: Significant Growth!

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Reference:

• Cryptopolitan. NYC Mayor Taps Crypto Advisers. Accessed May 14, 2025.
• Featured Image: The Street