Las Vegas, Nevada – Eric Adams, the mayor of New York City, called for the end of Bitlicense in a speech at Bitcoin 2025 in Las Vegas on Wednesday.
In his speech, Adams encouraged Crypto businesses to return to the US and set up a shop in New York, guarding the comments he made last week at the city’s first crypto summit held at the Gracie Mansion, the mayor’s official home in Manhattan.
“New York is the state of the empire. We can’t ruin the empires. We build empires. We tell you, back home,” Adams said. “(I) is the mayor of Bitcoin, and I want you to return to the city of New York, where you will not attack and criminal. Let’s remove the (bit) license and allow us to have a free flow of Bitcoin in our city.”
Adams had earlier criticized Bitlicense, the well-known obtain license released by New York’s top financial financial regulator, the New York Department of Financial Services (NYDFS). However, when asked about the impact of Bitlicense and NYDFS’s reputation as a tough regulator at a press conference earlier this month, Adams, who says It is “good to know that the city will have safe regulations in the area for investors and that will not be any abuse, but at the same time, we can adjust more.”
Adams also pledged to fight for the creation of a so -called Bitbond, perhaps referring to a municipal bond supported by Bitcoin.
Such a bond may allow New York residents to get exposure to top cryptocurrency in a tax -exempt manner. The instrument will provide the city to raise capital.
Adams did not provide details about the city’s potential Bitbond. However, the Bitcoin Policy Institute released A brief policy in March promoting for bitbonds to use 90% of their proceeds to fund the government and 10% to buy Bitcoin.
Bond holders will receive 1% interest year -time in 10 years. During the bond age, they will also receive 100% of the reversal of Bitcoin up to 4.5% combined -then 50% of all remaining reversed. Any remaining bitcoin acquired will be used to form a government reserve.
Adams, first elected as a Democrat, is currently running for re -election as an independent.
