New York City Mayor Steps Up Crypto Plans Ahead of Crypto Summit on May 20

Odaily News New York City Mayor Eric Adams announced that the city will work with financial companies to advance cryptocurrency-related initiatives. June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, will serve as advisors to help advance the city's development in the digital asset space.
Adams said that New York City is focused on the long-term value of these technologies rather than chasing trends. He also emphasized that New York City welcomes companies in the fields of cryptocurrency, blockchain, Web3 or fintech to do business.
Since taking office in 2022, Adams has included digital assets in his policy platform and announced that he would accept Bitcoin as payment for his salary. He also announced in April that New York City would host a crypto summit on May 20. (Cointelegraph)