Eric Adams Pushes for Bitcoin Bond and Crypto Freedom in NYC
Introduction:
New York City is making a renewed effort to become the global capital for digital assets, and leading that charge is Mayor Eric Adams. Speaking at the Bitcoin 2025 conference, Adams made a powerful appeal to the global crypto community to return to New York. His speech highlighted bold proposals, including the launch of a Bitcoin Bond and the removal of the state’s controversial BitLicense regulations.
With the growing influence of blockchain and cryptocurrency in finance, governance, and technology, Adams envisions New York as a thriving center for digital innovation. His message was loud and clear: New York is open for crypto business, and he wants to build—not break—financial empires in the digital age.
Mayor Adams: “New York Is the Empire State—We Build Empires”
In a passionate address, Eric Adams reiterated his vision for New York City as a global hub for Bitcoin and blockchain technology. "New York is the Empire State. We don't break empires—we build empires," he told a crowd of developers, entrepreneurs, and investors.
Adams stressed that the city is ready to welcome back crypto businesses and developers who may have left due to strict regulatory environments. He framed his administration as pro-innovation, pro-Bitcoin, and anti-bureaucracy, offering a more inclusive and progressive stance for digital finance in one of the world’s largest economies.
Bitcoin Bond Proposal: A Bold Financial Innovation for NYC
Among the most groundbreaking proposals from the mayor was the call to create a Bitcoin Bond in New York City. Although details were not fully outlined, a Bitcoin Bond could offer a way for the city to invest in or raise funds through cryptocurrency, similar to models seen in other nations experimenting with blockchain-backed bonds.
This move could signify a major shift in how municipal governments fund projects, potentially integrating blockchain transparency and digital asset exposure into city finances.
BitLicense Under Fire: Mayor Advocates for Its Removal
The mayor also called for the elimination of the BitLicense—a regulatory framework introduced in 2015 that governs how cryptocurrency businesses operate in the state. Adams described the policy as restrictive and damaging to innovation.
Originally established to protect consumers and prevent financial crimes, the BitLicense requires companies to meet high compliance standards and pay significant application fees. Critics have long argued that it acts as a barrier to entry for small businesses and startups. Adams echoed these sentiments, urging lawmakers to reconsider the outdated regulation in order to restore New York’s place as a crypto-friendly jurisdiction.
Adams’ Pro-Crypto Legacy: A Personal Commitment
Eric Adams is no stranger to the crypto spotlight. Upon taking office, he famously converted his first mayoral paychecks into Bitcoin and Ethereum. His actions were intended to show personal commitment to the digital economy and inspire public confidence in blockchain-based innovation.
The mayor’s remarks at the Bitcoin 2025 conference reflected that same energy. "You have a mayor who is the crypto mayor, is the Bitcoin mayor," he declared. His continued support is more than symbolic—it's part of a broader strategy to create real economic opportunities and jobs through emerging technology.
Digital Asset Advisory Council to Attract Investment
Adams’ speech came just days after he hosted the inaugural New York Crypto Summit, where he announced the formation of a digital asset advisory council. The group is tasked with exploring how digital currencies and blockchain applications can bring long-term economic benefits to the city.
By assembling experts, entrepreneurs, and policy makers, the council aims to offer insights on how to integrate blockchain into public services and expand digital education opportunities for young New Yorkers. This initiative signals a desire to embed crypto innovation not just in financial markets, but across the city’s broader economic and educational landscape.
Using Blockchain in Public Services: A Vision for the Future
During his remarks, Adams shared his vision for blockchain’s role in municipal governance. He proposed leveraging blockchain to manage birth certificates, process fines, pay taxes, and more. This outlook represents a future where blockchain isn't just a speculative asset class but a core tool in government operations.
The efficiency, transparency, and security that blockchain offers could help modernize city services while reducing administrative burdens and fraud risks.
Rallying the Crypto Community: “Let Your Voices Be Heard”
Beyond policy proposals, Mayor Adams delivered a motivational message to conference attendees. He called on developers, investors, and enthusiasts to become active participants in local politics and to advocate for the crypto industry.
"The real work begins after the conference," he said, encouraging people to speak with lawmakers, educate their communities, and fight for a regulatory environment that supports innovation.
He warned that without strong civic engagement, public officials who do not understand the technology could introduce policies that "destroy your industry." His message was both a rallying cry and a warning—crypto’s future in New York depends on the actions of its community.
Bitcoin as a Symbol of the People
In a compelling analogy, Adams compared Bitcoin to Betsy Ross, the woman popularly credited with sewing the first American flag. He emphasized that Bitcoin, like the flag, is a creation of ordinary people—not government officials or wealthy elites.
“She was not some great intellect... just an ordinary person like you and I,” he said. “That flag still stands today, and that is what Bitcoin is about.”
His remarks positioned Bitcoin as a symbol of freedom, individual empowerment, and grassroots innovation. It's a narrative that resonates strongly within the crypto community, especially at a time when regulatory scrutiny remains high.
Conclusion: A Defining Moment for Crypto in New York
Mayor Eric Adams’ speech marked a defining moment in New York City’s evolving relationship with cryptocurrency. By proposing a Bitcoin Bond, calling for the end of the BitLicense, and launching a digital asset council, Adams is not just advocating for crypto—he’s shaping the city’s financial future.
His personal involvement and vision suggest a paradigm shift in how cities can adopt and benefit from blockchain technology. If successful, New York could become a global model for crypto integration, demonstrating how major cities can embrace digital innovation while fostering economic growth and public trust.
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