Nikolas Sargeant
New York City Mayor Eric Adams has signed Executive Order 57, establishing the nation's first-ever municipal Office of Digital Assets and Blockchain. The initiative aims to position New York as the global capital of digital assets, including cryptocurrency.
Moises Rendon will serve as executive director of the new office and report to Chief Technology Officer Matt Fraser. The office will coordinate between industry and government to make New York City more welcoming to compliant crypto initiatives.
The move represents a significant step in Adams' pro-cryptocurrency agenda. Adams, known as the "Bitcoin Mayor," has consistently worked to strengthen the city's bid to become the world's crypto capital. He famously received his first mayoral paycheck in Ethereum, and organized the city's first crypto summit to bring together industry leaders and policymakers. The executive order signals the city's commitment to encouraging responsible innovation in blockchain technology and digital finance.
Adams' term ends at the end of the year, as he dropped out of the mayoral race last month. Despite his shortened timeline in office, the creation of this pioneering municipal office could have lasting implications for how cities across America approach digital asset regulation and adoption.
