“Bitcoin Mayor” Eric Adams Launches NYC’s Digital Assets Office
New York City Mayor Eric Adams — often known as the “Bitcoin Mayor” — has signed Executive Order 57, which created the Office of Digital Assets and Blockchain. The transfer strengthens the town’s bid to develop into the world’s crypto capital.
The new digital belongings workplace, the primary of its form within the United States, will promote accountable blockchain innovation, entice expertise, and improve New York’s place as a monetary know-how hub. It displays the mayor’s long-term imaginative and prescient to combine crypto coverage and public governance.
Executive Order Establishes Nation’s First Crypto Office
Under Executive Order 57, which Adams signed on Tuesday, the brand new workplace will report back to Chief Technology Officer Matthew Fraser. Moises Rendon, a blockchain coverage skilled from the Office of Technology and Innovation (OTI), will function government director.
Rendon will fee business leaders to advise on digital asset insurance policies and coordinate company initiatives.
“New York has at all times been the middle of innovation,” Adams stated. “With this workplace, we’re embracing the applied sciences of tomorrow — rising our economic system and increasing alternatives for underbanked communities.”
First Deputy Mayor Randy Mastro stated the initiative retains New York “forward of the curve,” making certain residents acquire from new financial alternatives.
CTO Fraser added that the workplace “exhibits the mayor’s daring imaginative and prescient to make New York the crypto capital of the world.”
Office to Bridge City Hall and Blockchain Industry
The workplace will join City Hall with the crypto sector whereas coordinating with regulators. Its priorities embrace accountable innovation, monetary inclusion, public training about crypto dangers, and shopper safety.
“The future is now for digital belongings in New York City,” Rendon stated. “We intention to make authorities extra clear and revolutionary for 8.5 million New Yorkers.”
Rendon stated his precedence will probably be forming a fee of blockchain consultants to advise on pilot initiatives, reminiscent of exploring blockchain use for public data and metropolis service transparency. The workplace additionally plans to collaborate with federal and state companies on crypto training and shopper safety campaigns.
These actions will reinforce New York’s management in digital finance and the crypto ecosystem, defend shoppers, and foster sustainable financial development.
Adams’ Crypto Legacy and the Road Ahead
The workplace caps Adams’ two-year marketing campaign to make New York a blockchain and crypto hub. He hosted the town’s first crypto summit and took his first three paychecks in Bitcoin and Ethereum, incomes the nickname “Bitcoin Mayor.”
Adams additionally known as for reforming New York’s BitLicense framework, arguing that restrictive guidelines harm innovation. He will go away workplace on January 1 after ending his reelection marketing campaign in September.
With Adams’ exit, Democrat Zohran Mamdani leads the mayoral race, adopted by former Governor Andrew Cuomo. Industry figures, together with Gemini co-founder Tyler Winklevoss, again candidates who assist the digital belongings economic system. Mamdani, nevertheless, has been skeptical of the business. He endorsed stronger stablecoin shopper protections and criticized Cuomo for advising crypto alternate OKX.
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