New York City to Establish Digital Asset Advisory Board

According to BlockBeats, New York City Mayor Eric Adams announced on Tuesday the formation of a digital asset advisory board aimed at bringing fintech job opportunities to the city. Speaking at a summit held at the mayoral residence, Gracie Mansion, Adams stated that the board will consist of industry experts, with the chairperson to be announced in the coming weeks. Adams emphasized that the initiative is intended to "leverage future technologies to better serve New Yorkers today." Beyond commercial interests, the city plans to explore blockchain technology for birth and death records, facilitating easier access for relatives of New Yorkers. The summit included participants from family offices and unicorn startups. Andrew Durgee, co-CEO of Republic, noted that despite regulatory challenges, his company remains in New York, while some others have left the United States.