NYC Mayor Eric Adams Pushes to Axe BitLicense—Proposes ’BitBond’ as Crypto Regulatory Alternative

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2025-05-28 18:59:17

NYC Mayor Eric Adams Calls For the End of NYDFS’ BitLicense, Proposes ’BitBond’

New York’s crypto crackdown could be in for a shakeup. Mayor Eric Adams—never one to shy away from blockchain buzz—just called for the end of NYDFS’ controversial BitLicense regime. In its place? A new ’BitBond’ framework promising (yet again) to balance innovation with investor protection.

The move comes as other states lure crypto firms with regulatory sandboxes—while Wall Street quietly hedges its bets with Bitcoin ETFs. Because nothing says ’decentralized future’ like institutional middlemen taking their cut.

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