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 said he had used an govt order below his authority to create the Workplace of Digital Property 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 all the time been the middle of innovation, and we’re embracing the applied sciences of tomorrow as we speak,” stated Adams. “The age of digital property is right here, and with it comes the possibility to develop our economic system, appeal to world-class expertise, increase alternatives for underbanked communities, and make authorities extra user-friendly.”
Adams rose to prominence for a lot of within the crypto trade after providing to accept his first three paychecks in Bitcoin (BTC) whereas operating for mayor in 2021. Throughout his time as mayor, he has established a digital advisory council, known as for the town to create BTC-backed bonds, and criticized New York’s BitLicense program as being too strict.
The NYC mayor announced in September that he wouldn’t run for reelection after initially campaigning as a Democrat after which as an Unbiased. His present time period ends on Jan. 1, 2026.
It is a growing story, and additional info will likely be added because it turns into obtainable.
