Crypto Advisory Board Set to Launch in New York City
NEW YORK — The city of New York is launching a digital assets advisory council to promote fintech jobs in the Big Apple, Mayor Eric Adams announced Tuesday. New York City is “open for business,” he stated at the start of a summit held at the mayor’s official residence, Gracie Mansion. The council will be composed of industry professionals, with a chair to be announced in the coming weeks.
“We want to use technology of tomorrow to better serve New Yorkers today,” Adams said in his opening remarks. “We have experts right here, and they are going to help us navigate solutions that benefit our city. We are fortunate to have this kind of talent in New York.”
The summit featured a public press conference followed by closed-door roundtables, with attendees from both family offices and unicorn startups, according to Richard Hecker of Traction and Scale, a logistics firm involved in the event.
Beyond business interests, the city is considering placing birth and death records on a blockchain to aid New Yorkers’ next of kin in easily accessing such documents, Adams mentioned.
Andrew Durgee, co-CEO of Republic, which provides financial backing to various startups, emphasized that his firm remains in New York despite concerns about regulations and other challenges, even as some other firms relocated. “For the first time in 15 years, we’re in a situation where no one knows what it will look like,” Durgee said. “There are many smart, talented individuals returning to the U.S., and they’re seeking a place to make their mark.”
