New York City Mayor Eric Adams is doubling down on his push for cryptocurrency adoption ahead of the city summit. In a recent press conference at Gracie Mansion, the official mayoral residence, Adams announced partnerships with financial firms to support the city’s crypto initiatives. June Ou, the founder of financial services company Figure, and Richie Hecker, CEO of private equity firm Traction and Scale, will serve as advisors for New York City’s economic development using digital assets. Adams emphasized the long-term value of these technologies for the city and its residents, stating that New York City is open for business for those in the crypto, blockchain, Web3, or fintech space. Since taking office in January 2022, Adams has made digital assets a key part of his policy platform, even accepting his initial paychecks in Bitcoin. Despite facing corruption charges related to alleged illegal donations from the Turkish government, the case was dismissed with prejudice in April, following intervention from Justice Department officials appointed by former US President Donald Trump. Adams later visited the White House to thank Trump for his support during the 2024 campaign. The mayor’s announcement of partnerships with financial firms comes ahead of the city’s crypto summit scheduled for May 20. It remains to be seen if this development is connected to Adams’ meeting with Trump. For further insights, Cointelegraph reached out to the mayor’s office for comment but received no response at the time of publication.