New York Comptroller rejects Bitcoin municipal bonds proposed by Mayor Eric Adams

The New York Comptroller has rejected the ambitious plan of Mayor Eric Adams to support municipal bonds with Bitcoin, claiming legal and financial concerns.

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• Comptroller Brad Lander described the proposal as “Legally doubtful and irresponsible.”
• The idea was presented by Adams at a conference Bitcoin 2025 In Las Vegas.
• Lander warned that the volatility of BTC It could harm investors confidence.

New York City has witnessed a new political confrontation related to the use of cryptocurrencies to finance public works. Mayor Eric Adams, a known defender of the crypto ecosystem, recently proposed the issuance of municipal bonds backed by Bitcoin. However, the proposal was flatly rejected by the city’s comptroller, Brad Lander.

In an official statement, Lander described ADAMS’s proposal as “Legally doubtful and irresponsible from the fiscal point of view”. As Comptroller, the official shares the responsibility of supervising the issuance of the city’s debt, which gives him direct authority to stop initiatives of this type.

Legal and fiscal arguments of the comptroller

According to Lander, using cryptocurrencies to finance infrastructure, affordable housing or public education would imply significant risks. He pointed out that cryptoactives such as BTC They do not offer the necessary stability to support long -term projects.

In addition, he warned that such movement could conflict with the Federal Fiscal Regulations of the United States. Many of the current municipal bonds are structured to comply with specific tax exemptions that could be lost if volatile assets are involved such as Bitcoin.

The comptroller also expressed concern about the possibility that this approach negatively affects the confidence of institutional investors. “Our financing base is rooted in the US dollar”he stressed, indicating that adopting a decentralized currency would require operational structures that the city currently does not possess, as immediate conversion mechanisms of BTC to cash.

Cryptamiento in question

Adams’s proposal is part of its strategy to project New York as a friendly city with cryptocurrencies. Since his arrival at the Mayor’s Office, he has maintained an optimistic narrative about the role of blockchain technology in local economic development.

In several forums he has insisted that adopting financial innovation can open new job opportunities, attract investments and modernize the government apparatus. However, critics consider that these ideas have not gone from the symbolic plane and lack practical viability without adequate institutional support.

The clash with the comptroller could mark a limit for the plans of the mayor. While Adams is committed to an avant -garde policy, Lander insists on maintaining caution and fiscal orthodoxy. The result is a pulse that reflects the current tensions between innovation and regulation in the financial heart of the United States.

A national precedent?

The rejected proposal also raises questions about whether other cities or states could try similar paths. Despite the rejection in New York, some jurisdictions have shown interest in exploring financing alternatives linked to cryptoactive, although most still move in speculative field.

Experts point out that while cryptocurrencies offer opportunities, their adoption in public financial structures requires deep regulatory changes. The New York case serves as a clear example of the technical, legal and political difficulties that must be resolved before these ideas materialize on a large scale.

For now, the “Bitbond” It seems to have been pause. However, the debate about the role of Bitcoin In public finances it will surely continue to feed controversies both in Wall Street and in the City Council.

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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