SEC and NYC Signal Strategic Embrace of Blockchain
The post SEC and NYC Signal Strategic Embrace of Blockchain appeared on BitcoinEthereumNews.com. In a pivotal week for US crypto policy, Securities and Exchange Commission Chair Paul Atkins and New York City Mayor Eric Adams outlined major new initiatives aimed at integrating blockchain technology and digital assets into both federal regulation and urban innovation. Atkins, testifying in one of his first public hearings since taking office, reaffirmed his commitment to prioritizing digital asset oversight, while Adams announced the formation of a Digital Advisory Council to attract investment and make New York the world’s leading crypto hub. New York City Aims to Become Global Crypto Capital with New Digital Advisory Council New York City Mayor Eric Adams is pushing forward with his long-standing digital asset agenda, announcing on Monday the formation of a new Digital Advisory Council aimed at establishing the city as the “crypto capital of the globe.” Speaking at the inaugural New York City Crypto Summit on May 20, Adams emphasized the importance of integrating blockchain technology into civic life, not as a passing trend, but as a foundational shift for New York’s digital future. While specific details remain under wraps, Adams said the council would be composed of local experts and fintech leaders, with a council chair and formal policy recommendations expected in the coming weeks. Mayor Adams made it clear that this initiative is about more than branding. He envisions blockchain technology playing a direct role in city governance and public services. One of the proposals under consideration is enabling New Yorkers to pay for certain municipal services and taxes using cryptocurrencies, a move that would align the city with broader state-level legislative efforts already underway. Adams also floated the idea of using blockchain to safeguard sensitive documentation, such as birth and death certificates, in a secure yet accessible format. This latest push follows a May 12 announcement that financial…
The post SEC and NYC Signal Strategic Embrace of Blockchain appeared on BitcoinEthereumNews.com.
In a pivotal week for US crypto policy, Securities and Exchange Commission Chair Paul Atkins and New York City Mayor Eric Adams outlined major new initiatives aimed at integrating blockchain technology and digital assets into both federal regulation and urban innovation. Atkins, testifying in one of his first public hearings since taking office, reaffirmed his commitment to prioritizing digital asset oversight, while Adams announced the formation of a Digital Advisory Council to attract investment and make New York the world’s leading crypto hub. New York City Aims to Become Global Crypto Capital with New Digital Advisory Council New York City Mayor Eric Adams is pushing forward with his long-standing digital asset agenda, announcing on Monday the formation of a new Digital Advisory Council aimed at establishing the city as the “crypto capital of the globe.” Speaking at the inaugural New York City Crypto Summit on May 20, Adams emphasized the importance of integrating blockchain technology into civic life, not as a passing trend, but as a foundational shift for New York’s digital future. While specific details remain under wraps, Adams said the council would be composed of local experts and fintech leaders, with a council chair and formal policy recommendations expected in the coming weeks. Mayor Adams made it clear that this initiative is about more than branding. He envisions blockchain technology playing a direct role in city governance and public services. One of the proposals under consideration is enabling New Yorkers to pay for certain municipal services and taxes using cryptocurrencies, a move that would align the city with broader state-level legislative efforts already underway. Adams also floated the idea of using blockchain to safeguard sensitive documentation, such as birth and death certificates, in a secure yet accessible format. This latest push follows a May 12 announcement that financial…
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