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New York City Mayor Eric Adams has announced strong support for launching a Bitcoin-backed municipal bond and eliminating the state’s restrictive BitLicense program. Speaking at the Bitcoin 2025 conference Adams declared his intent to create a “Bitbond” allowing investors to earn interest and potentially benefit from future Bitcoin market gains.
Adams emphasized the need for new financial tools tailored for Bitcoin holders and said the city should lead the way. He criticized the BitLicense framework calling it outdated and too harsh on crypto innovation. The mayor stressed that the policy has pushed businesses away from New York due to high costs and strict rules.
In his efforts to make New York a crypto hub Adams recently introduced a digital advisory council and partnered with companies like Figure Traction and Scale to attract more blockchain investment and jobs. He reaffirmed his role as a pro-crypto leader urging the industry to return and grow in the city without unnecessary regulation.
