The Mayor of New York City, Eric Adams, announced the creation of a new office dedicated to digital assets and blockchain technology, shortly before completing his term. This step was taken to strengthen his agenda regarding cryptocurrencies.

In a formal announcement earlier this week, Adams utilized an executive order to establish the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has served as a policy adviser for digital assets since April 2024, will spearhead this new office.

Adams expressed his enthusiasm, stating, “Our city has always been a hub for innovation, and we’re embracing the technologies of tomorrow today. The age of digital assets is here, presenting an opportunity for economic growth, attracting top talent, and enhancing the accessibility of city services for underserved communities.”

Executive order from New York City Mayor Eric Adams, Source: NYC.gov

Adams gained recognition in the crypto community by indicating he would accept his first three paychecks in Bitcoin (BTC) during his 2021 mayoral campaign. Throughout his tenure, he has formed a digital advisory council and advocated for BTC-backed bonds while critiquing New York’s strict BitLicense regulation.

As he approaches the end of his term on January 1, 2026, Adams has declared he will not seek reelection. His announcement reflects a shift in the political landscape ahead of the elections set for November 4, where contenders include Andrew Cuomo and Zohran Mamdani, with Mamdani currently leading in polls.

Mamdani has proposed stronger protections for consumers regarding stablecoins, while emphasizing his campaign on addressing affordability issues for New Yorkers.