"The new division, led by an executive director reporting directly to the city's chief technology officer, aims to coordinate blockchain and digital asset initiatives across municipal agencies and foster collaboration with private-sector innovators. According to the order, the office will focus on four key areas: developing strategies to strengthen New York's role as a hub for digital assets; attracting investment in blockchain innovation; advising on policy and legislative opportunities; and promoting public education on the responsible use of cryptocurrencies and other digital assets."
"The office will work closely with the New York City Economic Development Corporation and the Office of Technology and Innovation to ensure citywide alignment. The mayor's directive emphasizes New York's historic role as a financial capital and its commitment to remaining at the forefront of fintech evolution. The order, which takes effect immediately, underscores the city's intent to "serve as a bridge between government and the digital asset industry" - an approach that mirrors growing national trends in public-private coordination on blockchain policy."
The mayor issued Executive Order 57 to create the Office of Digital Assets and Blockchain Technology within the Mayor's Office. An executive director reporting to the city's chief technology officer will lead the division to coordinate blockchain and digital asset initiatives across municipal agencies and foster private-sector collaboration. The office will focus on four areas: strengthening New York's role as a digital-asset hub, attracting blockchain investment, advising on policy and legislation, and promoting public education on responsible cryptocurrency use. The office will work with the New York City Economic Development Corporation and the Office of Technology and Innovation to ensure citywide alignment. The order takes effect immediately and directs the city to serve as a bridge between government and the digital asset industry.
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