Eric Adams Advocates for Bitcoin Bond and End to BitLicense

By: Eliza Bennet

In a significant push toward making New York City a more crypto-friendly jurisdiction, Mayor Eric Adams has reaffirmed his commitment to introducing a Bitcoin bond in the city. Speaking at the Bitcoin 2025 conference, Adams enthusiastically pledged support for the creation of municipal bonds backed by the world’s largest cryptocurrency, Bitcoin. This initiative aims to establish a financial instrument that caters specifically to Bitcoin holders, aligning with Adams' vision to transform New York City into a leading hub for cryptocurrency and blockchain technology.

Mayor Adams further highlighted the limitations imposed by New York's BitLicense. Introduced in 2015, the BitLicense has been criticized widely within the crypto industry for its costliness and rigidity. Adams pointed out that the current framework has driven away businesses and stymied growth opportunities for crypto enthusiasts and enterprises. By calling for its repeal, he aims to dismantle hurdles preventing the flourishing of a robust cryptocurrency ecosystem in New York.

New York has historically been a financial powerhouse on a global scale, and Adams views the integration of Bitcoin-backed bonds as crucial to maintaining that stature in the era of digital finance. His proposal to repeal the BitLicense is part of a broader strategy to attract cryptocurrency-related businesses back to New York City. Adams has consistently shown support for crypto innovations and is determined to establish the city as a leader in digital assets.

Adams’ proposals are expected to stir debate among policymakers, industry stakeholders, and crypto enthusiasts as New York explores new frontiers in financial and technological innovation. The broader crypto community will be keenly watching to see how these developments unfold and potentially serve as a catalyst for other major cities to follow suit in embracing progressive crypto regulations.