With New York’s inaugural crypto summit just days away, Mayor Eric Adams is signaling the city’s intent to establish itself as a global hub for blockchain innovation. Speaking at a press briefing held at Gracie Mansion, Adams stressed that New York’s stance on digital assets is driven by a long-term vision rather than fleeting trends. He highlighted blockchain’s transformative power in addressing real-world challenges—particularly for marginalized communities often excluded from traditional banking. “We’re building something enduring, ” Adams stated, emphasizing blockchain’s potential to increase financial inclusion in a city where many residents still lack access to essential financial services. Chief Technology Officer Matt Fraser joined Adams, noting how blockchain could also improve city infrastructure by securing and democratizing access to important services such as public records. The May 20 summit is set to gather entrepreneurs, policymakers, and developers with the goal of crafting a strategic plan for New York’s growing crypto sector.

Adams described the event as a chance to foster collaboration and position the city as a launchpad for the next generation of fintech advancements. Reiterating his invitation to blockchain companies to establish themselves in New York, Adams said, “This city welcomes bold ideas. If you’re building in Web3, we want you here. ”