New York City Mayor Eric Adams has signed Executive Order 57, creating the Office of Digital Assets and Blockchain, marking the first such initiative in the United States. This move aims to position New York as a global leader in cryptocurrency and blockchain innovation. The office will report to Chief Technology Officer Matthew Fraser, with Moises Rendon appointed as executive director. It will focus on promoting responsible blockchain innovation, financial inclusion, and public education on crypto risks.
The new office will serve as a bridge between City Hall and the crypto industry, coordinating with regulators and advising on digital asset policies. It plans to explore blockchain applications for public records and city services, while collaborating with federal and state agencies on consumer protection campaigns. This initiative is part of Adams' broader vision to integrate crypto into public governance and enhance New York's status as a financial technology hub.
As Adams prepares to leave office, his efforts to reform New York's BitLicense framework and promote the digital assets economy remain influential. The upcoming mayoral race sees Democrat Zohran Mamdani leading, with differing views on the crypto industry compared to Adams' pro-crypto stance.
NYC Mayor Eric Adams Establishes First U.S. Digital Assets Office
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