New York City Mayor Eric Adams Establishes Mayoral Office of Digital Assets and Blockchain

New York City Mayor Eric Adams signed an executive order establishing the nation's first mayoral-level Office of Digital Assets and Blockchain. The office aims to promote the responsible use of blockchain and digital assets and strengthen coordination and cooperation between the crypto industry and government. The new agency will be led by Moises Rendon, who has worked in the digital asset sector in New York City for over a year. He will be responsible for collaborating with federal and state governments to develop policies to attract compliant and innovative crypto and blockchain projects. The office will also focus on attracting relevant talent to ensure New York maintains a competitive advantage in fintech and innovation. Reports indicate that Adams has always been open to cryptocurrencies, having received a salary in Bitcoin and hosting crypto summits. However, his term will end at the end of the year, and he announced his withdrawal from the re-election campaign last month. (The Block)