Regulation was yesterday-Adams declares New York as a crypto zone
The most important thing shortly
- Adams wants to make New York the leading crypto city.
- He founds a digital asset Advisory Council.
- Bitcoin-based local bonds (“Bitbonds”) worth $ 1 billion are to be introduced.
- 10 % of the funds are to be invested in Bitcoin.
New York Mayor Eric Adams aggressively positions the state's financial capital as a global cryptocurrency hob. This is done with the help of a comprehensive political agenda that he presented during a controversial democratic area code.
Its multi-track strategy includes the establishment of a unique advisory committee for digital assets, the introduction of Bitcoin-based municipal bonds, the abolition of the controversial Bitlicense framework in New York and the integration of cryptocurrency payments into urban services and schools.
Digital Asset Advisory Council: Drive FinTech growth ahead
Adams officially announced the establishment of a digital asset Advisory Council during the first crypto Summit in the Gracie Mansion in New York City and commissioned industry experts with the development of political recommendations to attract blockchain companies and workplaces.
The council, which is composed of leading personalities of the private sector, will work for clear regulations and determine opportunities for the use of blockchain technology in all urban companies, including securing important documents such as birth certificates in unchangeable main books.
🚨 JUST IN: NYC Mayor Eric Adams just dropped his #Bitcoin pitch — right as voters hit the polls.
He’s calling for a crypto policy council, $BTC-backed municipal bonds, and letting New Yorkers pay for city services in crypto.
Adams also took aim at Andrew Cuomo — the former… pic.twitter.com/iQOI84vXjn
— CryptosRus (@CryptosR_Us) June 25, 2025
Adams emphasized that existing specialist knowledge had to be used: “We will ask the members of the basis to help ourselves to tell the government: 'Weg out!'” The chairman of the council will be appointed in the coming weeks; The first suggestions are expected until late summer.
Bitbonds: A municipal experiment worth $ 1 billion, supported by Bitcoin
The boldest aspect is the plan of New York, “Bitbonds” worth one billion dollars – municipal bonds, some of which are covered by Bitcoin. According to the proposal, 10 % of the Bitcoin purchases bond proceeds should finance. In this way, investors could participate in a potential increase in value and at the same time receive interest payments in Bitcoin or US dollar.
Adams sees this as a strategy to use Bitcoin's growth potential and at the same time diversify urban financing. However, auditors Brad Lander condemned the plan as “legally questionable and financially irresponsible” and referred to the volatility of Bitcoin and unsolved regulatory hurdles. Despite resistance, Adam's legal ways check to advance bonds and thus possibly create a precedent for other cities.
🚨JUST IN: NYC Mayor Eric Adams unveils his bold #Bitcoin vision as voters head to the polls.
His plan includes launching a crypto policy council, issuing BTC-backed municipal bonds, and allowing New Yorkers to pay for city services with crypto.
Adams also fired shots at former… pic.twitter.com/yGwYEOEvev
— 𝓒𝓻𝔂𝓹𝓽𝓸𝓒𝓾𝓻𝓻𝓮𝓷𝓬𝔂.𝓷𝔂𝓬 (@crypto_n_y_c) June 25, 2025
At the same time, Adams urges the abolition of the New York Bitlicense program-a regulatory framework from 2015, which prescribes costly compliance regulations. He criticized the license as too restrictive and argued that it drove companies into more crypto-friendly jurisdictions: “Let us abolish the Bitcoin license and enable free Bitcoin traffic in our city.”
The Mayor of New York City, Eric Adams, then in his first three salary payments in #Bitcoin receive. Now he says:
“We shouldn't be afraid of Bitcoin. Do you still know how you laughed at me when I got my Bitcoin? Who laughs now?” 🤣🤣🤣 pic.twitter.com/FCEGrF9MVc
– Block trainer (@Blocktrainer) December 4, 2024
This attitude is in accordance with the complaints of the industry that Bitlicense imposes intolerable requirements in the area of ​​money laundering control (AML) and the customer identity examination (KYC). The mayor's office is setting up with the legislators of the state to design replacement regulations that bring about innovation and consumer protection.
Political context and challenges
Adams presented these initiatives during the democratic primary in New York City, where he is under observation for corruption investigations and criticism of his pro-crypto agenda.
In particular, he attacked the approach of former governor Andrew Cuomo in terms of digital assets and claimed that he “dismantled and destroyed this industry”.
Since Adams as an independent to re-election, his cryptopolitis could become a dispute against opponents such as the Republican Curtis Sliwa, who also supports crypto innovations. The time underlines Adam's assumption that a forward -looking technology policy could compensate for political weaknesses.
However, the implementation risks remain significant. The federal supervisory authorities have not yet approved Bitcoin-based bonds, the volatility could endanger the city's finances, and political resistance could block important initiatives.
🇺🇸LATEST: NYC Mayor Eric Adams aims to transform New York City into the global hub for cryptocurrency.
“I led the way as the first U.S. mayor to convert my first three paychecks into crypto.” pic.twitter.com/ZJaHwVexIQ
– Office area (@coinbureau) May 13, 2025
Adam's ability to “avoid” institutional resistance – especially on the part of the Court of Auditors – will decide whether New York becomes the control star of the cryptocurrencies or a warning example.
Mayor Adam's crypto vision represents a risky merger of local finances and innovations in the field of digital assets.
Due to the simultaneous coping with regulatory hurdles, investment options and acceptance in the public sector, NYC could develop into the world's most important blockchain laboratory-but only if political will and market conditions match. While the state crypto regulations solidify, all eyes are aimed at whether the “Bitbond Gambit” can redefine the urban economy for the digital age.
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