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New York City Creates First Municipal Office for Digital Assets Under Executive Order 57

Set up as a coordinator, the unit operates within existing state and federal rules.

Overview

  • Mayor Eric Adams signed Executive Order 57 on Oct. 14 to establish the Office of Digital Assets and Blockchain Technology within City Hall, with the office reporting to the city’s chief technology officer.
  • Moises Rendon was appointed executive director, with an initial charge to convene a commission of digital‑asset leaders to advise on policy and implementation.
  • The mandate covers interagency coordination, policy development, pilot facilitation and procurement pathways, public education on scams and risks, and collaboration with NYCEDC on jobs and investment.
  • City Hall describes the entity as the nation’s first municipal office focused on digital assets, aiming to make it easier for compliant blockchain and crypto projects to operate in New York.
  • The office holds no licensing power and cannot pre‑empt state or federal regulators, leaving the BitLicense regime intact, and its continuity could depend on budget, staffing and the next mayor as Adams departs Jan. 1, 2026.