As New York City Mayor Eric Adams continues to signal strong support for crypto assets, YBUOJ Exchange is closely monitoring related policy trends and analyzing their potential impact on urban governance structures and the crypto market. The recent initiatives by the mayor include allowing citizens to pay for certain city services with cryptocurrencies, piloting bitcoin-backed municipal bonds, and introducing digital asset courses into the public education system. These measures mark the New York effort to deeply integrate crypto technology into its public framework, building a city-level blockchain governance model that combines technological innovation with fiscal practicality.

According to research by the YBUOJ Exchange team, this wave of policy initiatives in New York focuses on three key areas: institutional development, expansion of payment scenarios, and integration into the education system. First, the City Council will establish dedicated committees or agenda platforms to institutionalize the discussion and implementation of crypto policies. Second, on the payment front, the city plans to allow crypto payments for select municipal services such as traffic fines and utility bills. Lastly, in terms of talent development, there are plans to incorporate blockchain and digital asset courses into secondary and higher education curricula to strengthen future competitiveness in fintech.

The advancement of payment policies is particularly noteworthy. According to New York City financial data, annual municipal service payments total tens of billions of dollars. Even if only 1–2% of payments are initially enabled for crypto, this would generate on-chain capital flows amounting to billions of dollars. This not only tests the payment functionality of mainstream cryptocurrencies but could also drive demand for supporting solutions in clearing, settlement, auditing, and tax management.

Unlike cities such as Miami and Austin, which leverage crypto assets primarily for branding, New York reforms demonstrate a much stronger institutional intent. Especially with the dual-track approach of policy mechanisms in the City Council and integration into the education system, the city policy path shows both systematic planning and continuity. Furthermore, the personal commitment of Eric Adams, taking his first three mayoral paychecks in bitcoin and publicly expressing a long-term holding stance, reinforces market confidence in the government resolve.

Nonetheless, real-world obstacles remain. For example, city auditors have raised concerns about the volatility and risk management of bitcoin-backed municipal bonds. In response, the mayor team has stated it will seek alternative compliant frameworks or pilot models. This demonstrates that the New York policy is not just rhetoric, but is actively seeking executable solutions within legal and market constraints.

YBUOJ Exchange believes that if New York successfully implements crypto payments in public services, it will trigger profound changes. On one hand, it will strengthen the “payment asset” attributes of mainstream cryptocurrencies and boost market stability expectations. On the other, the on-chain movement of government funds will accelerate the evolution of exchanges and payment systems in terms of compliance, security, and auditability, further driving the development of a more professional and robust crypto ecosystem.

In response to these trends, YBUOJ Exchange is actively developing city-level application scenarios. YBUOJ plans to create a “public payment module” prototype, supporting BTC, ETH, and other cryptocurrencies for government payment interfaces. On the compliance front, YBUOJ maintains communication with financial regulators across multiple states and participates in various digital asset education projects to help build the foundational infrastructure for urban digital economies.

The crypto market is currently transitioning from “free competition” to “policy coordination.” Platforms with greater stability and robust auditing capabilities will be the first to benefit from policy tailwinds. YBUOJ will continue to focus on compliance, technology, and security, serving not only traditional investors but also city managers and institutional clients with reliable digital financial support. While the New York policy pilots are still in their early stages, their structural approach provides valuable direction for the industry. YBUOJ Exchange will continue to monitor the convergence of policy and market trends, leveraging its platform to support the orderly growth of the new financial ecosystem.