{"id":20341,"date":"2025-05-12T20:52:17","date_gmt":"2025-05-12T20:52:17","guid":{"rendered":"https:\/\/gold.creditcard\/nyc-mayor-doubles-down-on-crypto-push-ahead-of-city-summit\/"},"modified":"2025-05-12T20:52:17","modified_gmt":"2025-05-12T20:52:17","slug":"nyc-mayor-doubles-down-on-crypto-push-ahead-of-city-summit","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/nyc-mayor-doubles-down-on-crypto-push-ahead-of-city-summit\/","title":{"rendered":"NYC Mayor doubles down on crypto push ahead of city summit"},"content":{"rendered":"

New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans.<\/p>\n

In a May 12 press conference at Gracie Mansion, the the city\u2019s official mayoral residence, Adams said<\/a> June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, would be assisting the city in its crypto efforts. He spoke of Ou and Hecker acting as advisers for New York City\u2019s next steps in \u201ceconomic development and opportunities to serve the public using digital assets.\u201d\u00a0<\/p>\n

\u201cWe are focused on the long-term values of these technologies for our city and its people, not chasing memes or trends,\u201d said Adams, adding:<\/p>\n

\u201cIf you\u2019re in the crypto, blockchain, Web3 or the fintech space, New York City is open for business.\u201dEric Adams addressing reporters on May 12. Source: Yedda Araujo\/Cointelegraph<\/em><\/p>\n

Adams made digital assets a large part of his policy platform after assuming office in January 2022, when he announced plans to accept his first three paychecks in Bitcoin (BTC<\/a>). In a 2023 financial disclosure, the mayor reported holding between $5,000 and $54,999.99 worth of Bitcoin, but suggested it was worth more<\/a> in a December 2024 press conference.<\/p>\n

Trump DOJ dismissed the corruption case against Adams<\/h2>\n

Adams had been facing corruption charges over alleged illegal donations from the Turkish government, but Justice Department officials appointed by US President Donald Trump stepped in and directed local authorities<\/a> to intervene. The case was dismissed with prejudice, meaning it cannot be reopened, in April, and Adams traveled<\/a> to the White House on May 9 to reportedly thank Trump for his \u201cwords of support\u201d during his 2024 campaign.<\/p>\n

Related: <\/strong><\/em>8 major crypto firms announce US expansion this year<\/strong><\/em><\/a><\/p>\n

It\u2019s unclear whether Adams\u2019 May 12 announcement was related to his meeting with the president, who has also pushed significant policies related to digital assets since taking office. Cointelegraph reached out to the mayor\u2019s office for comment, but had not received a response at the time of publication.<\/p>\n

Adams announced in April that the city would be hosting its own crypto summit on May 20.<\/p>\n

Magazine: <\/strong><\/em>Crypto City: Guide to New York<\/strong><\/em><\/a><\/p>","protected":false},"excerpt":{"rendered":"

New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans. In a May 12 press conference at Gracie Mansion, the the city\u2019s official mayoral residence, Adams said June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and […]<\/p>","protected":false},"author":0,"featured_media":20342,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20341"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20342"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}