According to reports by Wu, New York City Comptroller Brad Lander opposes Mayor Eric Adams' Bitcoin municipal bond plan, stating that it is legally questionable and financially irresponsible. Lander emphasizes that crypto assets lack the stability needed to fund the city's infrastructure, affordable housing, or school projects. He points out that U.S. tax law prohibits municipal bonds from being used to purchase cryptocurrencies or to obtain investment returns exceeding the federal subsidy financing costs, and that New York City lacks the mechanisms to use non-U.S. dollar currencies to pay for public projects.

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