Eric Adams confirmed the launch of an NYC crypto council on May 20, 2025, during the New York City Crypto Summit.
The mayor said the city would use expert guidance to explore blockchain use cases, employment opportunities, and financial strategies involving cryptocurrency.
“This is not about chasing memes or trends,”
Adams said at the event.
“We want to use the technology of tomorrow to better serve New Yorkers today.”
He added that a council chair and full recommendations will follow in the coming weeks.
The Eric Adams crypto initiative aims to position New York City as a global leader in digital assets.
The council will focus on forming a structured plan to attract blockchain-related jobs and investments under a clear New York crypto policy.
NYC Crypto Council to Examine Blockchain Services and Payments
Adams said the NYC crypto council will look into allowing crypto payments in NYC for city taxes and services. In addition, the city will explore how blockchain records can secure sensitive documents like birth and death certificates.
He explained,
“Bringing blockchain security capabilities to the city means that birth certificates and death records can remain private but accessible to New Yorkers and their next of kin.”
These steps form part of Adams’ broader New York crypto policy, which focuses on integrating digital tools into city infrastructure.
He said these changes aim to create practical improvements in government systems without relying on hype.
On May 12, Adams named private partners to support the effort: Figure, Traction, and Scale.
These firms will assist in forming the NYC crypto council’s approach to blockchain implementation and public services.
New York Crypto Policy Advances While State Bills Remain Stalled
While the NYC crypto council moves forward, New York State lawmakers are still reviewing crypto legislation. In April 2025, Assemblyman Clyde Vanel introduced a bill to let state agencies accept crypto payments. That bill is still awaiting consideration in the full House or Senate.
In February, Senator James Sanders Jr. proposed the Blockchain Study Act, which would establish a task force to assess the state’s cryptocurrency use. The measure remains pending in the House.
The New York crypto policy efforts mirror a broader shift in the U.S. At least 18 states are considering proposals for a strategic Bitcoin reserve, according to Bitcoin Reserve Monitor.
New Hampshire and Arizona have already passed related legislation.
Eric Adams Bitcoin History and Legal Proceedings
Since taking office in January 2022, Adams has made cryptocurrency a key part of his economic platform.
He previously announced plans to take his first three paychecks in Bitcoin (BTC). As of May 20, 2025, Bitcoin trades at $107,189.
The Eric Adams crypto agenda continued despite past legal scrutiny. Adams faced corruption charges tied to alleged illegal donations from the Turkish government.
The U.S. Department of Justice later stepped in, and the case was dismissed with prejudice on April 2, preventing it from being reopened.
The NYC crypto council reflects Adams’ continued interest in blockchain and digital assets. His focus remains on jobs, records, and payments, not on speculative investments or promotional use.
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