Adams is committed to collaborating with crypto and blockchain companies to create a supportive environment for innovation and success.

He hinted at the introduction of a Bitcoin Reserve Bill, which aims to foster a favorable atmosphere for cryptocurrencies in New York City.

New York City Mayor Eric Adams is on a mission to position NYC as the 'crypto capital of the globe,' actively promoting the benefits of cryptocurrency.

During a press briefing on May 13, 2025, ahead of the city's inaugural Crypto Summit, Adams stressed the urgency of embracing digital assets, declaring, 'It is not the future. It is here, and it is here now.'

The first NYC Crypto Summit is set for May 20, 2025, and will bring together stakeholders from the cryptocurrency industry, regulators, and city officials to discuss the future of crypto in the city.

Key topics at the summit will include the potential establishment of a state-owned Strategic Bitcoin Reserve and the introduction of new licensing regulations for crypto businesses.

Adams aims to enhance access to financial services for underbanked communities through the integration of digital assets and blockchain technology.

To stimulate economic growth, he plans to attract global talent in the crypto sector while ensuring opportunities for historically underserved populations.

Despite the strict regulatory environment, Adams believes that robust regulations can protect investors and prevent abuses in the cryptocurrency market.

He emphasized that increasing access to financial services for underserved populations is a key goal, noting that digital assets represent one of the city's 'fastest-growing industries.'

This initiative to enhance New York's digital asset landscape coincides with a significant rally in the cryptocurrency market, indicating a growing interest in digital assets.

Adams, a long-time proponent of Bitcoin, converted his first three paychecks into Bitcoin and Ethereum starting in January 2022, and he recently highlighted the surge in Bitcoin prices to challenge his critics.