New York City Mayor Eric Adams has signed an executive order establishing a dedicated Office of Digital Assets and Blockchain.
It’s the first time a U.S. mayor has launched an office focused on the emerging digital economy.
According to the executive order, the new office will work to promote responsible use of blockchain and digital assets. Specifically, it will coordinate efforts between the crypto industry and city agencies.
The office will also bridge collaboration with federal and state governments on related policy matters.
Ultimately, the initiative aims to create a welcoming environment in New York City for blockchain startups and cryptocurrency firms that operate within existing legal frameworks.
Leadership and Vision
The office will be led by Moises Rendon, a digital policy expert who has advised the city on blockchain strategy for over a year. Under Rendon’s direction, the office will help attract global talent, expand access for underbanked communities, and modernize government services through innovative technology.
As his first action, Rendon will form a commission of leaders in the digital assets space to advise the office on policy and strategy. The commission will guide the office’s efforts in fostering responsible innovation and ensuring alignment across public and private stakeholders.
In a statement, Mayor Adams said the move reflects New York’s long-standing reputation as a center of innovation. He further emphasized that the “age of digital assets is here”. According to Adams, the new office offers opportunities to grow the economy and make the city’s systems more efficient and inclusive.
Adams’ Pro-Crypto Track Record
Throughout his tenure, Adams has maintained a pro-crypto stance. For instance, early in his term, he received his first three paychecks in Bitcoin. The move reflected his confidence in digital currencies.
Moreover, he hosted the city’s first crypto summit, positioning New York as a hub for blockchain dialogue and investment.
End of Term and Legacy
Adams’ term as mayor is set to end later this year. Last month, he withdrew from the upcoming mayoral race, citing campaign finance difficulties and intense media scrutiny as the primary reasons for suspending his re-election bid.
The creation of this office could become one of his key achievements. It sets a framework for how cities can responsibly integrate blockchain and digital asset technologies.
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