Outgoing New York City Mayor Eric Adams is doubling down on his love for cryptocurrency, announcing ambitious plans to leverage crypto in tackling pressing issues such as education, violence, and antisemitism. In what may be his final press conference as mayor, Adams revealed his intent to utilize digital assets to address these critical challenges facing the city.
During the press conference held on July 10, 2025, Adams emphasized his excitement for the future and hinted at a new direction for his administration’s approach to urban problems. He stated, “I cannot tell you … I’ve said over and over again, anyone would like to finish a job that you started.”
While the details of his plans remain vague, the implications are significant. Is Adams proposing to establish a decentralized autonomous organization (DAO) to directly combat violence and antisemitism? Or is he planning to make substantial donations in crypto to relevant charities? The uncertainty leaves many questioning the feasibility of his vision.
Adams, who created the Office of Digital Assets and Blockchain during his tenure, has previously converted his paychecks to Bitcoin to demonstrate his commitment to digital currencies. His administration has become a beacon for the crypto community, further underscored by the growing influence of crypto lobbying in the city. As of July 2025, 27 crypto companies have filed their initial lobbying disclosures, marking a robust push for greater acceptance and integration of cryptocurrencies in public policy.
The mayor’s remarks come at a time when the crypto industry is rapidly evolving. During the same month, Coinbase launched a campaign on the National Mall, distributing branded chocolate bars to create buzz around the digital currency. This reflects a broader trend of innovative marketing strategies within the crypto space, aiming to engage policymakers and the public alike.
As Adams prepares to leave office, his vision for integrating crypto into solving societal issues raises numerous questions. What concrete steps will he take? Will his successor continue this crypto-centric approach? As the digital currency landscape continues to shift, the impact of Adams’ announcements could resonate far beyond his administration.
In the coming weeks, all eyes will be on the city as stakeholders await more detailed plans from Adams and his team. The intersection of cryptocurrency and social challenges presents an intriguing opportunity for New York City, but it remains to be seen how effective these strategies will be in creating meaningful change.
Stay tuned for updates as this story develops. The implications of Adams’ plans could redefine how cities address long-standing issues using innovative technologies.
