New York wrote history with the Crypto and Blockchain Office.

New York Mayor Eric Adams has taken a significant step in the field of digital assets and blockchain technology by establishing the "Office of Digital Assets and Blockchain" for the first time in the United States. This new office aims to promote the responsible use of digital assets and support innovative initiatives throughout the city. In his statement, Eric Adams said, "Our city has always been the center of innovation, and we are embracing the technologies of the future starting today. The era of digital assets has arrived. This era provides an opportunity to grow our economy, attract talent from around the world, and offer new opportunities to communities with restrictions on access to the financial system."

The newly established office will be headed by Moises Rendon, who has been working on digital assets for the past year. The office will coordinate between the cryptocurrency industry and public institutions while facilitating the development of crypto-friendly policies in collaboration with federal and state governments. Additionally, it aims to encourage blockchain-based enterprises to invest in New York, thereby enhancing the city's competitiveness in financial innovation.

Adams has garnered attention for his open support of digital assets like Bitcoin during his tenure as mayor. For instance, Adams received his first three salaries in Bitcoin and also led the organization of the city's first cryptocurrency summit. However, last month, there were widespread media reports about Adams withdrawing his candidacy for re-election. He cited campaign financing issues and media speculation as reasons for this decision.

The newly established Office of Digital Assets and Blockchain in New York serves as an important milestone in developing crypto-oriented policies, paving the way for the city to become crypto-friendly. For investors, closely monitoring the implications of these developments on the cryptocurrency market is of great importance. Bitcoin and other digital assets may offer significant opportunities for investors during this period.