New York City Establishes Office of Digital Assets and Blockchain Technology
New York City Mayor Eric Adams has signed Executive Order 57 to create the nation's first municipal Office of Digital Assets and Blockchain Technology. This initiative aims to position New York as a global leader in cryptocurrency innovation, fostering responsible digital asset use, attracting investment, and generating economic opportunities.
The office will coordinate blockchain efforts across city agencies, enhance public understanding of digital assets, and draw top-tier talent to the city's burgeoning tech ecosystem. This MOVE underscores New York's commitment to embracing emerging technologies while maintaining regulatory oversight.
The announcement comes amid political shifts, with Adams withdrawing from his re-election bid. The race now appears to be between Democrat Zohran Mamdani and former Governor Andrew Cuomo, with recent polls showing Mamdani holding a significant lead ahead of the November election.
