Crypto Gets An Address: New York City Unveils US’ 1st Official Crypto Office
New York City moved on October 14, 2025, to kind an official office centered on crypto and blockchain. According to the town’s announcement, Mayor Eric Adams signed Executive Order 57 to arrange the Office of Digital Assets and Blockchain Technology.
The workplace would be the first-ever municipal physique within the United States devoted solely to those applied sciences. Moises Rendon was named Executive Director. Reports say the workplace will report back to the town’s Chief Technology Officer.
New Crypto Office: 5 Main Functions
According to the executive order, the brand new workplace has 5 predominant duties. It will information metropolis coverage on digital property, coordinate throughout companies, run public education schemes, discover how blockchain may assist metropolis providers, and work with the NYC Economic Development Corporation to attract enterprise and jobs.
The transfer is described as an try to steadiness shopper safety and broader entry. Some of the work will give attention to serving to underbanked New Yorkers perceive dangers like fraud and scams.
City Hires Policy Expert To Lead Effort
Based on reports, Rendon has beforehand labored inside metropolis authorities on expertise and coverage points, most lately as a coverage advisor within the Office of Technology and Innovation.
He shall be anticipated to attach metropolis departments that contact funds, data, and technical tasks. Coordination is a part of the mandate. Agencies shall be requested to align their approaches so residents and corporations face much less confusion after they take care of metropolis providers that contain tokens, wallets, or blockchain data.
Plans To Educate And Protect Residents
Reports have disclosed that one main purpose is public training. The workplace will create outreach packages to elucidate what digital property are, how they work, and what risks exist.
That is supposed to decrease the possibility that buyers fall for scams or lose financial savings to hacks. It will even examine potential blockchain makes use of for public data and safe information sharing. Some tasks shall be exploratory and should require partnerships with non-public companies or universities.
According to metropolis statements, the crypto workplace will coordinate with state and federal regulators reasonably than attempt to exchange them. It will provide recommendation to the mayor and act as a single level of contact for trade teams that wish to work with the town.
A Crypto Advocate
Adams has lengthy backed cryptocurrency. When he turned mayor in January 2022, he transformed his first three paychecks into Bitcoin and Ethereum, a transfer that drew mockery from many.
By late 2024, as Bitcoin neared $100,000, he fired again at critics, saying, “Remember y’all laughed at me once I first received my Bitcoin? Who’s laughing now?”
Records present his Bitcoin holdings on the finish of 2023 ranged between $5,000 and $55,000.
Featured picture from Unsplash, chart from TradingView
