New York City Mayor Eric Adams renewed his public endorsement for Bitcoin ahead of the upcoming city crypto summit, emphasizing New York's ambition to become a global leader in digital assets and blockchain innovation. Adams, along with NYC CTO Matthew Fraser, highlighted plans to integrate blockchain technology into public administration, particularly for secure and streamlined access to civic records.
The mayor announced partnerships with major financial and fintech figures, including June Ou of Figure and Richie Hecker of Traction and Scale, who will advise the city on expanding economic opportunities using digital assets. Adams underscored NYC's commitment to long-term development of the crypto sector, touting institutional collaboration and the attraction of start-ups and investment as central to the city's strategy. The upcoming summit is expected to spark further partnerships and enhance NYC's regulatory and technological infrastructure for digital assets, with a focus on responsible, compliant growth under state oversight. Adams, who accepted his first paychecks in Bitcoin in 2022 and holds a personal stake in BTC, continues to prioritize the asset in the city’s innovation agenda.