On May 21, New York City Mayor Eric Adams announced on Tuesday that he will establish a Digital Assets Advisory Committee aimed at bringing financial technology employment opportunities to New York. Adams stated at a summit held at the Gracie Mansion mayoral residence that the committee will be composed of industry experts, with the chairman to be announced in the coming weeks.
Adams emphasized that this move is to "leverage future technologies to better serve New Yorkers today". Beyond business interests, New York City will also explore putting birth and death records on the blockchain to help close relatives of New York residents more easily access these documents. It is reported that the summit participants included family offices and unicorn startups. Republic Co-CEO Andrew Durgee stated that despite regulatory issues, his company remains in New York, while some other companies have left the United States.
