On October 15, 2025, New York City Mayor Eric Adams signed Executive Order 57, establishing the Office of Digital Assets and Blockchain Technology—the first municipal office of its kind in the U.S., per. This move, announced at a press conference, positions NYC as the “global capital of digital assets,” aligning with Adams’ pro-crypto agenda, including accepting his first three paychecks in Bitcoin (BTC) and Ethereum (ETH) in 2022, per. Moises Rendon, a blockchain policy expert from the Office of Technology and Innovation (OTI), will lead the office, reporting to Chief Technology Officer Matthew Fraser, per. X posts from @NYCMayor celebrate it as a step to “grow our economy, attract world-class talent, and expand opportunities for underbanked communities,” per.
The office will coordinate digital asset initiatives across city agencies, focusing on:
It will explore blockchain for government efficiency, such as secure record-keeping and transparency in public services, per. This builds on Adams’ 2022 crypto summit and 2025 digital assets advisory, per. The office will form a commission of industry leaders to advise on policy and legislation, per. Rendon emphasized, “This is our chance to successfully and responsibly deploy these technologies,” per.
NYC’s launch contrasts with New York’s BitLicense regime, which Adams has criticized for stifling innovation, per. By fostering compliant crypto initiatives, the office aims to draw investment and talent, potentially adding $10B+ to the economy by 2030, per. It positions NYC against rivals like Miami and Dubai, per. As Adams’ term ends in January 2026, this cements his legacy, with executives like Tyler Winklevoss eyeing 2025 mayoral involvement, per. X posts from @Cointelegraph note it as a “major step in the city’s crypto and Web3 strategy,” per.
The office could accelerate institutional adoption, with BTC ($113,234) and ETH ($4,070) stable amid broader market dips, per CoinMarketCap. Investors should monitor NYC OTI updates at nyc.gov/oti and SEC filings on sec.gov. Diversify into BTC or ETH with stop-losses below $112,000 and $4,000, per TradingView. Follow @TheBlock__ on X for developments. This initiative may inspire other cities, boosting U.S. blockchain leadership by 2026, per.
