NYC Mayor Launches Crypto Advisory Council to Attract Fintech Talent
New York City Mayor Eric Adams announced the creation of a digital assets advisory council during a summit at Gracie Mansion, the mayor’s official residence. The council aims to attract fintech jobs to the city and explore innovative blockchain solutions.
“We want to use technology of tomorrow to better serve New Yorkers today,” Adams stated during the summit. The council will comprise industry experts who will help navigate solutions that benefit the city. Adams emphasized that New York City is “open for business” and highlighted the city’s access to human capital in the fintech sector.
The advisory council’s initiatives include exploring the use of blockchain technology for city records, such as birth and death certificates. This would enable easier access for New Yorkers’ next of kin. Industry participants, including family offices and unicorn startups, attended the summit, which featured both public and closed-door sessions.
Andrew Durgee, co-CEO of Republic, noted that his firm has remained in New York despite regulatory challenges, citing the city’s appeal as a hub for talent. “Now, for the first time in 15 years, we’re in this scenario where we have no idea what it’s going to look like,” Durgee said. “You have all these smart, brilliant people coming back to the U.S., and they’re looking for a place to land.”
The formation of this council underscores New York City’s efforts to position itself as a leader in the digital assets space and attract top talent in the fintech industry.
