Eric Adams proposes to eliminate Bitícense in New York and launch bonus backed by Bitcoin

The mayor of the great American apple presented a couple of interesting proposals, with which he proposes to attract the crypto industry to New York, considered by many one of the toughest jurisdictions with the sector.

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• Adams presented several proposals during his speech at Bitcoin 2025.
• Reiterated his critical position towards the Bitlicense of the state of New York, proposing to eliminate said license.
• He also proposed the creation of a “Bitbond” To finance the city with Bitcoin.
• New York is one of the most demanding jurisdictions for the crypto industry in the US.

The Mayor of New York, Eric Adams, took advantage of his participation in the event Bitcoin 2025held on Wednesday in Las Vegas, to call on the crypto industry and consider making the city one of its international centers, for which it is necessary to make the current regulatory provisions in force.

During his participation, Adams made a very interesting signaling, since he proposed “Eliminate the Bitlicense ” – License granted by the State to companies that wish to operate with digital currencies – to allow a more favorable environment for this market at the local level.

“New York is the Empire State. We do not destroy empires, we build them”Adams said during his speech, in a phrase that sought to inspire both developers and businessmen in the sector.

A welcome message: “Return home”

In his speech, Adams extended a generalized invitation to all crypto companies that have chosen to operate outside the United States or outside the state of New York.

“[Soy] The mayor of Bitcoin, and I want them back in New York City, where they will not be attacked or criminalized ”he declared. Also added: “Let’s eliminate the Bitlicense and allow the free flow of Bitcoin in our city”.

The Bitlicense, implemented in 2015 by the Department of Financial Services of the State of New York (NYDFS), He has been subject to multiple criticism for his rigidity. Obtaining it is considered a complex and expensive process, which has discouraged many ecosystem startups Blockchain to settle in the State.

Although Adams had already stated criticism of this license in the past, he recently adopted a more ambiguous position. In a previous press conference, he said it is positive to have regulations that provide security to investors, but warned that “We can also fall into the envelope.”

This balance between regulatory security and innovation is one of the main dilemmas in public policy towards cryptocurrencies.

He Bitbond: a new form of municipal financing

In addition to advocating barriers, Adams surprised with a bold proposal: the creation of a “Bitbond.” Although he did not offer specific details about the instrument, he revealed that it would be a municipal bonus backed by Bitcoin.

This type of bond would allow New York citizens to gain exposure to BTC in favorable fiscal conditions and would also serve as a mechanism to raise funds for the city.

The idea has already been explored by the Bitcoin Policy Institutewhich in March published a policy report by proposing similar bonds. According to this model, 90% of the funds collected would be allocated to government projects and 10% at the purchase of Bitcoin.

Bonus holders would receive 1% annual interest for 10 years. At the expiration, 100% of the gain of Bitcoin up to a compound performance of 4.5%, and 50% of any additional gain. The rest would be used to form a reserve of BTC of the local government.

New York and the Crypt: A renewed future?

Adams’s intervention comes at a time when several cities in the United States, such as Miami and Austin, compete to position themselves as crypto innovation centers. New York, historically a global financial capital, has been lagging behind in this race due to its strict regulations.

Adams, who was elected as a Democrat but now seeks re -election as an independent, is betting that a more friendly posture towards cryptocurrencies can revitalize the local economy and attract first level technological talent.

It remains to see if your proposal will translate into concrete political action, especially considering that the Bitlicense It is the competence of the State, not from the city. However, his speech reinforces the narrative that New York seeks to redefine his role within the digital financial revolution.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Diariobitcoin, created with artificial intelligence, for free use, licensed under public domain.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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