At the Bitcoin Conference 2025, New York City Mayor Eric Adams shared his vision of introducing 'Bitcoin Bonds' that could transform the city's financial landscape.
Introduction to the Initiative
Eric Adams, speaking at the Bitcoin Conference 2025, declared his intention to introduce 'Bitcoin Bonds'. These bonds would allow investors to participate in municipal bonds issued by New York City that are backed by Bitcoin or related digital assets. The Mayor emphasized that this represents the first such initiative in the city's history.
Potential of Bitcoin Bonds
While a formal proposal has yet to be introduced, Adams expressed his willingness to "push and fight" for the development of this initiative. He highlighted the importance of financial innovations for the city: "Thinking big and being unafraid of the future is what we want to do." This initiative could help New York reclaim its status as a financial and fintech hub, especially after periods of regulatory uncertainty.
Call to the Blockchain Community
In his appeal to the blockchain industry, Adams urged builders and businesses to "come out of the shadows" and reengage with New York City. He noted that the city is eager for innovation. "You no longer have to be afraid to be part of this major industry," he said, emphasizing the significance of community involvement in the city's development.
Eric Adams' initiative for 'Bitcoin Bonds' highlights New York City's drive for financial innovation and attracting crypto investors, which could reshape the city's financial landscape.
