New York City Mayor Announces Cryptocurrency Advisory Committee

Odaily News New York City Mayor Eric Adams announced on Tuesday (May 20) that the city will establish a digital asset advisory committee aimed at bringing financial technology jobs to New York. Adams said at a summit held at the mayor's official residence, Gracie Mansion, that the committee will be composed of industry experts and the chairman will be announced in the coming weeks.
Adams stressed that the move is to "use future technology to better serve today's New Yorkers." In addition to commercial interests, the city will also explore putting birth and death records on the blockchain to help New Yorkers' next of kin more easily access these documents.
It is reported that the participants of the summit include family offices and unicorn startups. Andrew Durgee, co-CEO of Republic, said that despite regulatory issues, his company remained in New York while some other companies left the United States. (CoinDesk)