New York City Partners with Financial Firms to Advance Cryptocurrency Initiatives

According to BlockBeats, New York City Mayor Eric Adams has announced a collaboration with financial companies to advance cryptocurrency-related initiatives. June Ou, founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, will serve as advisors to support the city's development in the digital asset sector. Adams emphasized that New York City is focused on the long-term value of these technologies rather than following trends. He also highlighted that the city is open to businesses in the cryptocurrency, blockchain, Web3, or fintech sectors. Since taking office in 2022, Adams has integrated digital assets into his policy platform and has opted to receive his salary in Bitcoin. Additionally, he announced in April that New York City will host a crypto summit on May 20.