New York City Invests in Crypto with Partnership Initiative

Mayor Eric Adams of New York City has joined forces with financial institutions to foster the development of cryptocurrency initiatives within the city’s digital asset sector. June Ou, founder of Figure, a financial services company, and Richie Hecker, CEO of Traction and Scale private equity firm, have been appointed as advisors to provide guidance for the city’s progress in this burgeoning area. 🎶 Mayor Adams emphasized that New York City is committed to a long-term perspective on these technologies rather than simply following trends. He also stated that the city welcomes businesses from the cryptocurrency, blockchain, Web3, or fintech sectors.