New York Metropolis (NYC) Mayor Eric Adams has introduced plans to construct a municipal Bitcoin-backed bond, dubbed ‘BitBond.’ He additional supposed to remove the New York controversial BitLicense, which has been a big hurdle for crypto companies.
Talking on Wednesday on the Bitcoin 2025 convention in Las Vegas, he mentioned that New York is the Empire State and “we construct empires. Come again house,” he referred to as crypto companies, encouraging to come back again to town.
“It’s time for the primary time within the historical past of town to have a monetary instrument that’s made for individuals who are holders of Bitcoin,” he addressed the gathering.
“I imagine we have to have a BitBond, and I’m going to push and struggle to get a BitBond in New York, so you are able to do secure bond investments in NYC.”
BREAKING: NYC MAYOR ERIC ADAMS JUST ANNOUNCED HE'S GOING "TO FIGHT TO GET A BITBOND IN NEW YORK"
THIS IS MASSIVEpic.twitter.com/8Ix0spHEOf
— The Bitcoin Convention (@TheBitcoinConf) Could 28, 2025
“Let’s remove the BitLicense”: Mayor
The New York BitLicense, a regulatory framework for crypto companies within the metropolis, has confronted important criticism from the neighborhood.
Critics have urged the state to eliminate BitLicense “straight away,” to “create alternatives for progress and innovation.” Some argue that its strict necessities might stifle innovation or drive corporations out of New York.
The Workplace of the New York Comptroller, Thomas DiNapoli, has additionally beforehand raised his voice in opposition to the administration of the BitLicense scheme.
“Come again house, you’ve gotten a mayor that’s the crypto mayor, is the Bitcoin mayor, and I need you again within the metropolis of New York,” Adam said. “The place you received’t be attacked and criminalized. Let’s eliminate the Bitcoin license and permit us to free movement of Bitcoin in our metropolis.”
NYC to Use Bitcoin Blockchain for Delivery Certificates
On a concluding notice, the mayor mentioned that New York would use Bitcoin and blockchain for delivery certificates.
“We’re going to use Bitcoin to repay fines and taxes. We’re going to permit our younger folks to know what it’s to be a part of this business, however we want you on the bottom,” he added.
“The message is evident: get on the market and present your energy. As a result of for those who don’t, elected officers will use theirs to destroy your business. You have to win.”
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