NYC Launches Crypto Advisory Council—Mayor Adams Doubles Down on Digital Assets

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2025-05-21 06:19:29

New York City to establish crypto advisory council, says Mayor Eric Adams

New York City is betting big on crypto—again. Mayor Eric Adams just announced the formation of a blockchain advisory council, signaling Wall Street’s old guard that the city plans to stay ahead of the financial revolution (or at least pretend to).

The move comes as other global hubs like Singapore and Dubai eat NYC’s lunch on crypto adoption. No details yet on whether the council will actually fix the city’s regulatory chaos—or just serve as a PR stunt for politicians who still think ’DeFi’ is a typo.

One thing’s certain: Wall Street bankers will hate this. And that alone makes it worth watching.

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