New York City Launches First Office Dedicated to Digital Assets & Blockchain

New York City has taken a groundbreaking step in embracing the world of digital assets, establishing its first municipal office dedicated specifically to these technologies. Mayor Eric Adams, known for his forward-thinking approach and early adoption of cryptocurrencies, spearheaded this initiative by issuing an executive order that creates this new office. 2022 marked a historic moment for the city as Mayor Adams became the first American mayor to convert his initial three paychecks into cryptocurrency – an event signaling his dedication to integrating digital assets into New York City’s economy.