Did NYC Deputy Mayor Profit from Crypto? Explore Phil Banks' Bitcoin and Ethereum Holdings

The intersection of cryptocurrency and New York City government continues to draw attention. Recent disclosures have shed light on the digital asset holdings of key figures in Mayor Eric Adams' administration, specifically focusing on NYC Deputy Mayor of Public Safety, Phil Banks.

NYC Deputy Mayor of Public Safety Phil Bank’s assets and investments were worth as much $6.45 million in 2025, according to financial disclosures released by the New York City. Among these assets, NYC Deputy Mayor Phil Banks, has disclosed that he holds some assets in Bitcoin and Ether. This came to light during his financial.

He revealed that he bagged Bitcoin and Ethereum ranging from $15,000 and $150,000. JUST IN: NYC Deputy Mayor of Public Safety disclosed that he bought between these cryptocurrencies. According to Bloomberg News, according to the disclosure of the New York City Conflict of Interest Committee, the assets and investments of Phil Banks, the deputy mayor of New York are subject to public scrutiny.

What's the extent of his crypto investments? According to Pearson’s disclosure, he possessed a Bitcoin stake of less than 5% that was valued at a minimum of $60,000 at the close of 2025.

This revelation isn't entirely surprising. This isn’t shocking as NYC Mayor Eric Adams had earlier noted that he preferred to radically exchange the metropolis into the center of the crypto-verse. Adams even took steps to show his commitment. New York Mayor Eric Adams said Thursday he intends to follow through on his intention to convert his salary into cryptocurrency by using his first City Hall paycheck to. As per reports, two of Adam’s close aides, Deputy Mayor of Public Safety Phil Banks and senior adviser Timothy Pearson, correctly disclosed their Bitcoin and Ethereum holdings.

On the other hand, Banks’ Phil Banks, New York City’s Deputy Mayor for Public Safety, has disclosed that he holds some assets in Bitcoin and Ether.