Las Vegas, Nevada – Eric Adams, the mayor of New York, called at the end of the bit applied in a speech to Bitcoin 2025 in Las Vegas on Wednesday.
During his speech, Adams encouraged cryptographic companies to return to the United States and settle in New York, echoing the comments he made last week at the very first crypto summit in the city held in Gracie Mansion, the official house of the mayor in Manhattan.
“New York is the Empire State. We are not breaking the empires. We build empires. We tell you, come home,” said Adams. “”[I’m] The mayor of Bitcoin, and I want you to come back to New York City, where you will not be attacked and criminalized. Let us get rid of [Bit]License and allow us to have the free movement of Bitcoin in our city. “”
Adams previously criticized Bitlidense, the license notoriously difficult to prevent by the best financial regulator in New York, the New York Department of Financial Services (NYDFS). However, when it was asked for the impact of the reputation of Bitlidense and the Nydfs as a difficult regulator at a press conference earlier this month, Adams covered, saying It was “good to know that the city will have sure regulations in place for those who invest and there will be no violations, but at the same time, we can regulate too much”.
Adams also promised to fight for the creation of a so-called bitbond, probably referring to a municipal link supported by Bitcoin.
Such an obligation could potentially allow New York residents to expose themselves to the top cryptocurrency in a fiscal manner. The instrument would also allow the city to raise capital.
Adams did not provide details on the potential bitbond of the city. However, Bitcoin Policy Institute published a policy file in March by pleading for Bitbonds which would use 90% of their product to finance the government and 10% to buy Bitcoin.
Holders of the obligation would receive 1% interest per year for 10 years. At the end of the obligation, they would also receive 100% of the Bitcoin increase up to 4.5% compound yield, then 50% of all the remaining advantages. Any gain in remaining bitcoin would be used to constitute the government’s Bitcoin reserve.
Adams, who was elected for the first time as a Democrat, is currently presenting a re -election as an independent.
