NYC’s Crypto-Champion Mayor Bets Big: Bitcoin Bonds and BitLicense Axe Coming

New York City’s pro-Bitcoin mayor just dropped a one-two punch for crypto advocates—launching a municipal Bitcoin bond initiative while vowing to scrap the infamous BitLicense regime. Wall Street’s old guard won’t know what hit them.

The move signals a radical shift for America’s financial capital, where crypto firms once fled oppressive regulations. Now? The city plans to court blockchain businesses with open arms—and taxpayer-backed digital asset offerings. Because nothing says ’innovation’ like leveraging public debt to chase volatile markets.

Critics warn the plan risks turning NYC into a high-stakes crypto casino. Supporters counter that killing the BitLicense could finally let decentralized finance breathe—assuming the SEC doesn’t strangle it first.

“Let’s eliminate the BitLicense”: Mayor

The New York BitLicense, a regulatory framework for crypto firms in the city, has faced significant criticism from the community.

Critics have urged the state to get rid of BitLicense “right away,” to “create opportunities for growth and innovation.” Some argue that its strict requirements could stifle innovation or drive companies out of New York.

The Office of the New York Comptroller, Thomas DiNapoli, has also previously raised his voice against the management of the BitLicense scheme.

“Come back home, you have a mayor that is the crypto mayor, is the Bitcoin mayor, and I want you back in the city of New York,” Adam stated. “Where you won’t be attacked and criminalized. Let’s get rid of the Bitcoin license and allow us to free FLOW of Bitcoin in our city.”

NYC to Use Bitcoin Blockchain for Birth Certificates

On a concluding note, the mayor said that New York WOULD use Bitcoin and blockchain for birth certificates.

“We are going to use Bitcoin to pay off fines and taxes. We are going to allow our young people to understand what it is to be part of this industry, but we need you on the ground,” he added.

“The message is clear: get out there and show your power. Because if you don’t, elected officials will use theirs to destroy your industry. You must win.”