"According to the executive order, the new office has five main duties. It will guide city policy on digital assets, coordinate across agencies, run public education programs, explore how blockchain could help city services, and work with the NYC Economic Development Corporation to draw business and jobs. The move is described as an attempt to balance consumer protection and broader access. Some of the work will focus on helping underbanked New Yorkers understand risks like fraud and scams."
"Based on reports, Rendon has previously worked inside city government on technology and policy issues, most recently as a policy advisor in the Office of Technology and Innovation. He will be expected to connect city departments that touch payments, records, and technical projects. Coordination is part of the mandate. Agencies will be asked to align their approaches so residents and companies face less confusion when they deal with city services that involve tokens, wallets, or blockchain records."
"Reports have disclosed that one major aim is public education. The office will create outreach programs to explain what digital assets are, how they work, and what dangers exist. That is meant to lower the chance that consumers fall for scams or lose savings to hacks. It will also study possible blockchain uses for public records and secure data sharing."
New York City established the Office of Digital Assets and Blockchain Technology by Executive Order 57 signed on October 14, 2025. The office is the first municipal body in the United States dedicated solely to crypto and blockchain. Moises Rendon was named Executive Director and the office will report to the city's Chief Technology Officer. The office has five duties: guide city policy on digital assets, coordinate across agencies, run public education programs, explore blockchain applications for city services, and partner with the NYC Economic Development Corporation to attract business and jobs. Public education and consumer protection for underbanked residents are priorities.
Read at Bitcoinist.com
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