From Cointelegraph

May 20, 2025 9:37 PM:

New York City Mayor Eric Adams aims to establish the city as the “crypto capital of the globe” by creating a digital advisory council. Adams emphasized the importance of using technology to serve New Yorkers, with plans to explore crypto payments for services and taxes, as well as blockchain for managing sensitive information. Financial services company Figure and private equity firms Traction and Scale are assisting in the city’s crypto efforts.

In addition, New York State lawmakers have introduced bills to regulate crypto, including allowing state agencies to accept crypto as payment and creating a crypto task force. Mayor Adams has made digital assets a key focus of his policy platform, even planning to accept his first three paychecks in Bitcoin. The case against him over alleged corruption charges was dismissed with prejudice. Other US states are also considering legislation related to crypto, with at least 18 looking to establish a strategic Bitcoin Reserve.

Read more at CoinTelegraph: NYC Mayor Eric Adams launches crypto advisory council