BlockBeats News, May 13th, according to Cointelegraph, New York City Mayor Eric Adams announced that the city will partner with financial firms to advance cryptocurrency-related initiatives. Financial services company Figure founder June Ou and private equity firm Traction and Scale CEO Richie Hecker will serve as advisors to help drive the city's development in the digital asset space.
Adams stated that the city of New York is focused on the long-term value of these technologies rather than chasing trends. He also emphasized that New York City welcomes companies operating in the cryptocurrency, blockchain, Web3, or fintech sectors.
Since taking office in 2022, Adams has incorporated digital assets into his policy platform and announced that the city will accept Bitcoin as salary payment. He also announced in April that New York City will host a crypto summit on May 20th.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.