New York City Mayor Eric Adams Launches the First City-Level Office of Digital Assets and Blockchain in the United States

New York City Mayor Eric Adams signed an executive order establishing the nation's first "Office of Digital Assets and Blockchain," aimed at coordinating collaboration between the crypto industry and government and promoting compliant blockchain and crypto projects in New York. Led by Moises Rendon, a longtime city official involved in digital asset affairs, the office's goals include promoting responsible blockchain adoption, attracting fintech talent, expanding financial inclusion, and establishing New York as a hub for crypto innovation. Adams stated, "The digital asset era has arrived, presenting us with opportunities for economic growth, talent attraction, and service innovation." Adams received his first three salaries in Bitcoin and led the inaugural New York Crypto Summit. His term as mayor ends at the end of the year, and he has withdrawn from re-election due to campaign funding issues.