New York City is poised to launch a digital assets advisory council, as announced by Mayor Eric Adams on Tuesday, with the goal of attracting fintech employment opportunities to the city. The council, comprising industry experts, is expected to have a chairperson appointed in the coming weeks.
At a summit held at Gracie Mansion, the mayor's official residence, Adams stated, "We aim to harness tomorrow's technology to better serve New Yorkers today." The event drew participants from prominent family offices and startups, including a public press conference and closed-door roundtable discussions. The city plans to explore the use of blockchain technology to store birth and death records, facilitating easier access for next of kin.
According to Andrew Durgee, co-CEO of Republic, his firm chose to remain in New York despite regulatory concerns, and the city is now an attractive destination for talented individuals seeking a new location.