New York Metropolis Mayor Eric Adams introduced the institution of a municipal digital property and blockchain workplace in a bid to cement his crypto agenda within the remaining months of his time period.
In a Tuesday discover from the mayor’s workplace, Adams mentioned he had used an government order underneath his authority to create the Workplace of Digital Belongings and Blockchain Know-how. Moises Rendon, who has labored as a digital property and blockchain coverage adviser for New York Metropolis since April 2024, will head the newly established workplace.
“Our metropolis has at all times been the middle of innovation, and we’re embracing the applied sciences of tomorrow as we speak,” mentioned Adams. “The age of digital property is right here, and with it comes the possibility to develop our financial system, entice world-class expertise, develop alternatives for underbanked communities, and make authorities extra user-friendly.”
Adams rose to prominence for a lot of within the crypto business after providing to just accept his first three paychecks in Bitcoin (BTC) whereas working for mayor in 2021. Throughout his time as mayor, he has established a digital advisory council, referred to as for town to create BTC-backed bonds, and criticized New York’s BitLicense program as being too strict.
The NYC mayor introduced in September that he wouldn’t run for reelection after initially campaigning as a Democrat after which as an Impartial. His present time period ends on Jan. 1, 2026.
It is a growing story, and additional info can be added because it turns into obtainable.