On May 13, according to Cointelegraph, New York City Mayor Eric Adams announced that the city will collaborate with financial companies to advance cryptocurrency-related plans. June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, will serve as advisors to help drive the city's development in the digital asset space.
Adams stated that New York City is focused on the long-term value of these technologies, rather than chasing trends. He also emphasized that the city welcomes companies in the cryptocurrency, blockchain, Web3, or financial technology sectors to do business.
Since taking office in 2022, Adams has incorporated digital assets into his policy platform and announced that he would accept his salary in Bitcoin. He also announced in April that New York City will host a crypto summit on May 20.
