Joe Lange writes:
“Here’s a story that I don’t think anybody noticed. There’s a mayor race going on in New York and everyone is focused on Mamdani. But nobody is paying attention to what the current mayor of New York is doing on his way out the door.
Have you heard what Mayor Eric Adams just announced? “
New York City Mayor Eric Adams announced the establishment of a municipal digital assets and blockchain office in a bid to cement his crypto agenda in the final months of his term. In a Tuesday notice from the mayor’s office, Adams said he had used an executive order under his authority to create the Office of Digital Assets and Blockchain Technology. Moises Rendon, who has worked as a digital assets and blockchain policy adviser for New York City since April 2024, will head the newly established office.” https://cointelegraph.com/news/nyc-mayor-eric-adams-executive-order-digital-assets-blockchain-office
Doesn’t that seem like a big deal? With less than three months left in office, Mayor Adams established a blockchain office and municipal digital assets. Why wait until the last minute?
All part of a plan.
Reminds me of Trump’s move to put Chris Miller as head of the DOD, right before he left office. Adam’s has been a big proponent of bitcoin since he became mayor. I don’t think that’s a coincidence.
Is Adams coordinating with Trump? Trump and Adams have been working together for a while now. Do you think the timing of this move, AFTER Trump pushed “stablecoin” legislation into law, is just a coincidence?
Why would the establishment of blockchain technology and digital assets be so important in New York?
Timing is everything. Wall Street is in New York. So are big Wall Street banks. Did you know these banks are pushing blockchain technology? They are being FORCED to comply.
“New York’s banking watchdog just raised the bar: the Department of Financial Services (NYDFS) now requires all state-chartered banks and foreign branches to use blockchain analytics in their compliance programs. For the first time, traditional finance is being pushed into blockchain-level transparency. Why does this matter? It signals that regulators no longer treat digital assets as a passing fad – they’re embedding crypto oversight into the heart of banking.”
Did you catch the three KEY words?
Transparency/Compliance/Oversight
The “banking SYSTEM” is being transformed before our eyes. Wall Street banks are being FORCED to comply with blockchain technology in order to create transparency and decentralization.
“Screening wallets, verifying sources of funds, and flagging sanction risks isn’t just for exchanges anymore. Even legacy banks must adopt crypto-native monitoring tools like Chainalysis now.
The shift highlights a growing reality: compliance drives adoption. And as oversight tightens, the demand for smarter, safer crypto wallets also grows.”
“Compliance drives adoption.”
The Wall Street banks that used to control everything, are now being FORCED into compliance.
“Superintendent Adrienne Harris and the NYDFS have made it clear in their guidance: every state-chartered bank and foreign branch in New York must fold blockchain analytics into their compliance stack. Tools like Chainalysis or Elliptic, once reserved for crypto exchanges, are now part of traditional banking oversight.”
Blockchain technology is ALREADY being implemented in New York and Mayor Adams is now “accelerating” its use. Do you think the timing of this transformation happening during a fast rally in gold and silver, is just a coincidence?
The COMEX Exchange is also in New York.
“Industry analysts say New York’s move could serve as a template for regulators nationwide. By forcing banks into blockchain analytics, NYDFS is effectively normalizing these tools as part of mainstream finance. What was once an edge case for crypto exchanges is now on track to become a standard across the nation’s banking sector. The guidance leaves room for flexibility as each institution can tailor its framework to its size and risk appetite.”
