NYC Mayor Pushes for Bitcoin Bond 🚀
New York City Mayor Eric Adams is strongly supporting the concept of BitBonds, a new financial instrument designed to cater to Bitcoin holders, allowing them to earn a fixed income from Treasury bonds while benefiting from Bitcoin's price appreciation. At the Bitcoin 2025 conference in Las Vegas, Adams emphasized the need for New York to adopt BitBonds, removing stringent Bitcoin regulations like the "BitLicense." The BitBond idea aims to integrate Bitcoin into U.S. strategic reserves, reducing Treasury bond interest burdens and addressing national debt challenges. This aligns with President Trump's executive actions on establishing a U.S. Strategic Bitcoin Reserve. Adams is a well-known crypto advocate, having committed to receiving some of his salary in Bitcoin and launching NYC's inaugural crypto summit.
FAQ
❓ What are BitBonds?
BitBonds are Bitcoin-enhanced Treasury bonds offering fixed income and potential Bitcoin value growth.
❓ Why is Mayor Adams supporting BitBonds?
Mayor Adams believes BitBonds will make New York a leader in crypto finance and benefit Bitcoin holders.
❓ What is the BitLicense?
The BitLicense is a regulatory framework for cryptocurrency businesses in New York, often seen as restrictive.