Wrapped HYPE (whype) 
New York City Mayor Eric Adams has announced plans to establish a digital advisory council aimed at shaping the city’s strategy for digital assets and blockchain technologies.
New York City’s Vision for Blockchain Innovation
Speaking at the New York City Crypto Summit on May 20, Adams highlighted the potential of blockchain and cryptocurrency to drive investment, create jobs, and position New York as a leader in technological innovation. He emphasized, “We want to use the technology of tomorrow to better serve New Yorkers today.”
The advisory council will consist of industry professionals tasked with identifying practical blockchain applications that benefit the public. Although specific details are yet to be disclosed, Adams confirmed that the council will include a chairperson and is expected to deliver key policy recommendations in the coming weeks.
Exploring Blockchain in Administrative Functions
One of the proposed use cases involves utilizing blockchain technology to enhance the security and management of sensitive city records, such as birth and death certificates. Adams explained, “Bringing blockchain security capabilities to the city means that birth certificates and death records can remain private but accessible.”
Additionally, the city is exploring the feasibility of accepting cryptocurrency for select services and tax payments as part of its broader initiative to modernize financial infrastructure. Several private sector firms, including financial services company Figure, are collaborating with the city to support this roadmap.
Cryptocurrency in Local Governance
Since assuming office in January 2022, Mayor Adams has actively integrated cryptocurrency into his policy agenda. Notably, he converted his first three mayoral paychecks into Bitcoin, signaling his commitment to fostering a pro-crypto environment in New York City.
Adams’ vision aligns with legislative efforts at the state level, where officials are advocating for broader adoption of blockchain and cryptocurrency. For example, Assembly Member Clyde Vanel recently reintroduced a bill proposing that New York agencies accept cryptocurrency for fines, taxes, and other payments. Vanel has also called for research into blockchain’s role in securing election systems and protecting voter data.
State-Level Initiatives for Blockchain Adoption
State Senator James Sanders Jr. has proposed forming a task force to study how cryptocurrency and blockchain could transform New York’s economy. This initiative underscores the growing interest in leveraging blockchain technology to improve public services and financial systems.
Beyond New York, other states across the U.S. are exploring similar legislation. At least 18 states are currently evaluating bills aimed at establishing a strategic Bitcoin reserve. Notably, New Hampshire recently became the first state to authorize its treasurer to invest public funds in Bitcoin.
With increasing momentum at both local and national levels, New York City’s proactive approach to digital assets could set important precedents for blockchain integration in urban governance.
