At the NYC Crypto Summit, New York City Mayor Eric Adams announced the creation of a Cryptocurrency Advisory Council to develop policies in the field of digital assets and blockchain.
Tasks of the Council:
- Development of recommendations for authorities on crypto policy
- Finding the Use of Blockchain in City Data Management
- Promoting financial inclusion through digital solutions
Adams:
"It's not about memes. It's about the technologies of tomorrow that we use today."
The initiative was supported by:
- New York City CTO Matthew Fraser
- Mayor's Blockchain Advisors: June Ou (Figure) and Richie Hecker (Traction and Scale)
Goal: to turn New York into the "crypto capital of the world"