NYC Sets Stage for Crypto Future as Mayor Adams Favours Blockchain Innovation

With New York’s first crypto summit just days away, Mayor Eric Adams is making it clear: the city is positioning itself as a global epicenter for blockchain development.

At a press briefing held at Gracie Mansion, Adams emphasized that New York’s approach to digital assets is rooted in long-term vision, not viral hype. He noted the transformational potential of blockchain in solving real-world problems—especially for marginalized communities locked out of traditional banking systems.

“We’re building something lasting,” Adams said, pointing to blockchain’s capacity to expand financial inclusion in a city where too many residents still lack access to basic financial services.

Chief Technology Officer Matt Fraser joined Adams at the briefing and highlighted how blockchain could also enhance city infrastructure by making critical services like access to public records more secure and equitable.

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The upcoming summit on May 20 is expected to bring together entrepreneurs, policy leaders, and developers, aiming to shape a strategic roadmap for New York’s emerging crypto sector. Adams described it as an opportunity to cultivate collaboration and turn the city into a launchpad for the next wave of fintech innovation.

Renewing his call for blockchain businesses to make New York their home, Adams said, “This city is open to bold ideas. If you’re building in Web3, we want you here.”

Alexander Stefanov