New York City Mayor Adams will establish a Crypto Assets Advisory Committee to promote the development of the digital economy.

According to Mars Finance, on May 21, CoinDesk reported that New York City Mayor Eric Adams plans to establish a Crypto Assets and Blockchain Industry Advisory Council aimed at providing policy recommendations for the development of the local digital economy. The council will bring together industry experts, business representatives, and government officials to discuss how to balance regulation with innovation while promoting New York as a Crypto Assets hub.

Adams has long supported the Crypto Assets industry and previously expressed the desire for New York City to become a "Crypto Assets hub" and to accept Bitcoin as salary. The establishment of the advisory committee is seen as another initiative to promote the development of the digital economy, with a focus expected on issues such as regulatory frameworks, business support, and public education.