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Mayor Eric Adams is all-in on crypto—and he’s got Wall Street backup.
Speaking at Gracie Mansion on May 12, Adams declared New York City “open for business” to blockchain and fintech firms. The mayor introduced two new crypto advisers: June Ou of Figure and Richie Hecker of Traction and Scale. Their mission? Help shape NYC’s next phase of digital asset development.
“We’re not chasing memes,” said Adams. “We’re chasing long-term value.”
Here’s what’s happening:
NYC is building public-private partnerships to advance crypto innovation.
Adams reaffirmed support for Web3, fintech, and blockchain startups.
A city-run crypto summit is scheduled for May 20, signaling institutional-level interest.
Adams has crypto cred.
He took his first three mayoral paychecks in Bitcoin back in 2022 and still holds BTC. His 2023 disclosure listed crypto holdings up to $55K—though he hinted it’s worth more now.
The press conference also came days after Adams met with former President Trump, whose DOJ helped dismiss corruption charges against the mayor. It’s unclear whether the White House visit was linked to the crypto announcement—but the timing raised eyebrows.
NYC’s message to the crypto world:
We’ve got the talent, the capital, and now—finally—the political will.
