New York City Mayor Eric Adams is getting with the times by creating a Crypto Advisory Council to bring fintech jobs to the city that never sleeps. At a summit held at Gracie Mansion, the mayor expressed his excitement about utilizing cutting-edge technology to improve services for New Yorkers. The council will consist of industry experts, with a chairperson set to be announced soon.
The summit, which included both public and closed-door sessions, attracted participants from various sectors, including family offices and unicorn startups. Richard Hecker from Traction and Scale mentioned the involvement of his logistics firm in the event. Apart from the business aspect, Mayor Adams also discussed the possibility of storing birth and death records on a blockchain to facilitate easier access for the city’s residents.
Amidst concerns about regulations and other issues, Andrew Durgee, co-CEO of Republic, revealed that his firm chose to stay in New York, unlike other companies that left the country. The uncertain future seems to be drawing talented individuals back to the U.S., searching for a place to establish themselves. The council’s formation signifies a step towards embracing new technologies and fostering innovation in the city’s business landscape.
