New York City Mayor Eric Adams, known as the 'Bitcoin Mayor', signed Executive Order 57 to establish the Office of Digital Assets and Blockchain, aiming to position NYC as the global crypto capital.

Adams has been a vocal supporter of cryptocurrency, proposing to accept his first three paychecks in Bitcoin and criticizing New York's BitLicense as overly restrictive.

The new office, led by digital assets expert Moises Rendon, will coordinate efforts between city agencies, industry leaders, and regulators to develop crypto policies, promote responsible innovation, and attract talent to maintain NYC's competitiveness in financial technology.

The Office of Digital Assets and Blockchain will be overseen by Moises Rendon, who has over a year of experience working on digital assets and blockchain policy.

This office will report directly to the city's chief technology officer, Matthew Fraser, and will work closely with the Office of Technology and Innovation.

Its priorities include fostering responsible innovation, financial inclusion, public education on crypto risks, consumer protection, and piloting initiatives like blockchain in public records.

Moises Rendon, a blockchain policy expert since April 2024, will serve as the executive director, guiding the city's strategy to establish NYC as a cryptocurrency hub.

Rendon’s role involves developing strategies, advising on policies and legislation, and engaging with industry and regulators to support the city's crypto ecosystem.

Despite not seeking re-election, Adams remains committed to his crypto agenda, with industry figures like Tyler Winklevoss interested in engaging with NYC’s political landscape for the 2025 mayoral race.

Adams will leave office on January 1, 2026, after dropping out of the reelection race, with Zohran Mamdani predicted to win the upcoming mayoral election.

The November 4 mayoral election features candidates including Zohran Mamdani and others, with many crypto advocates watching the race closely.

Adams' departure follows his efforts to promote blockchain use for city records and his digital assets advisory aimed at attracting crypto investment and talent.