New York City Mayor Eric Adams has announced plans to introduce a Bitcoin bond and eliminate the BitLicense program. At the Bitcoin 2025 conference, Adams expressed his commitment to supporting municipal bonds backed by Bitcoin, proposing the creation of a Bitbond for Bitcoin holders in the city. While details on the Bitbond structure were not disclosed, a policy brief from the Bitcoin Policy Institute suggested a model with a 1% annual interest rate for 10 years and a share of Bitcoin market gains upon maturity. Additionally, Adams called for the repeal of the BitLicense program, citing high costs and stringent compliance requirements. His efforts to attract crypto firms to NYC include forming a digital advisory council and collaborating with financial services and private equity firms. These initiatives aim to foster a crypto-friendly environment in the city and promote economic growth. Read more AI-generated news on: https://app.chaingpt.org/news

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