New York City Establishes Nation’s First Office for Digital Assets and Blockchain

On October 14, 2025, New York City Mayor Eric Adams signed Executive Order 57, establishing the Office of Digital Assets and Blockchain — the first such office in the United States. This strategic move aims to position New York City as a global leader in digital finance and innovation. The new office will be led by Moises Rendon, who previously served as the mayor's advisor on cryptocurrency. Rendon will report directly to Chief Technology Officer Matthew Fraser and is tasked with developing strategies to strengthen the city's role as a cryptocurrency hub. Objectives of the Office The Office of Digital Assets and Blockchain will: Promote responsible Web3 innovation Attract world-class talent and partners Create new economic opportunities Establish New York City as the crypto capital of the world Additionally, the office will coordinate dialogue between the industry and local authorities, working closely with the New York City Office of Technology and Innovation (OTI). Mayor Adams’ Vision for Digital Assets Mayor Adams emphasized the importance of embracing emerging technologies: “Our city has always been a hub of innovation, and today we're embracing the technologies of tomorrow. The era of digital assets has arrived, and with it comes the opportunity to boost our economy, attract world-class talent, expand opportunities for underserved banking communities, and make the regulatory framework more user-friendly.” Commitment to Cryptocurrency In a notable demonstration of his commitment to digital currencies, Mayor Adams became the first mayor in the United States to receive his salary in cryptocurrency. He converted his first paycheck into Bitcoin and Ethereum through Coinbase, a secure online platform for buying, selling, transferring, and storing digital currency. Earlier in May 2025, Mayor Adams announced the creation of a Crypto-Asset Advisory Board. This board aims to guide the city's strategy on digital assets and blockchain innovation, with the goal of attracting fintech jobs and investment to New York City.