NYC mayor establishes digital assets and blockchain office

New York Mayor Eric Adams introduced the creation of a municipal workplace for digital belongings and blockchain in an effort to strengthen his crypto agenda within the remaining months of his time period.

In a message from the mayor, Adams mentioned he used an government order below his authority to create the Workplace of Digital Property and Blockchain Expertise. Moises Rendon, who has served as a digital asset and blockchain coverage advisor for New York Metropolis since April 2024, will lead the newly created workplace.

“Our metropolis has at all times been the middle of innovation and right this moment we’re embracing the applied sciences of tomorrow,” mentioned Adams. “The age of digital belongings has arrived, and with it comes the chance to develop our financial system, appeal to world-class expertise, broaden choices for underbanked communities and make authorities simpler to make use of.”

Govt Order from New York Mayor Eric Adams establishing the Workplace of Digital Property and Blockchain Expertise. Supply: NYC.gov

Adams got here to prominence to many within the crypto business after providing to just accept his first three paychecks in Bitcoin (BTC) whereas operating for mayor in 2021. Throughout his time as mayor, he has created a digital advisory board, referred to as on the town to create BTC-backed bonds, and criticized New York’s BitLicense program as too strict.

The mayor of New York introduced in September that he wouldn’t run for re-election after initially campaigning as a Democrat after which as an Impartial. His present time period ends on January 1, 2026.

This can be a growing story and additional data shall be added because it turns into obtainable.