At the Bitcoin 2025 conference, New York City Mayor Eric Adams announced his intention to implement a municipal bond backed by Bitcoin (referred to as "Bitbond") and continued to call for the repeal of New York's BitLicense program.

– Adams stated that it is time for New York to have a financial instrument specifically for Bitcoin holders, similar to tax-exempt bonds or other traditional bonds.

– Although no specific details were announced, a proposal from the Bitcoin Policy Institute presented a model as follows:

– Holders receive an interest rate of 1% per year for 10 years

– Upon maturity, they will also receive a share of the profits from the increase in Bitcoin's value

– 90% of the raised funds will be used for government spending, while the remaining 10% will be used to buy Bitcoin.

Adams also criticized the BitLicense program, a legal framework implemented since 2015 for crypto businesses in New York, arguing that it is costly, cumbersome, and stifles innovation.