“Speaking at Bitcoin 2025 in Las Vegas on Wednesday, Adams SAID Getting Rid of the Bitlicense Will “ALLOW US TO A FREE FLOW OF BITCOIN IN OUR CITY.””, – WRITE: www.coindesk.com
Durying his speech, adams encouroaged criapto Businesses to return to the us and set up shop in new york, echoing comments he Made Last Week at the City’s First Official Home in Manhattan.
“New York is the Empire State. We Don’t Break Empires. We Build Empires. We’re Saying to You, Come Back Home,” Adams Said. ”[I’m] The Bitcoin Mayor, and I Want You Back in the City of New York, WHERE YOU WON’T’T BE ATACKED AND CRIMINALIZED. Let’s Get Rid of the [Bit]LICENSE AND ALLOW US TO HAVE THE FREE FLOW OF BITCOIN IN OUR CITY. ”
Adams have previously Criticized the Bitlicense, The Notorious Diflicult-To-To-Tonse License Issued by New York’s Top Financial Regulator, The New York Department of Financial (n). However, WHEN Asked About the Impact of the Bitlicense and Nydfs’s Reputation As A Touhh Regulator Durying A Press Conference Earlier this month, Adams Hedged, Saying It was “Good to Know The City Is Going To Have Safe Regulations in Place for Those Who Are Investing and There’s Not Going to Be Any Abusees, But at Same Time, We Can Over Regulate.”
Adams Also Promised to Fight for the Creation of A So-Called BitBond, Probably Referring to a Municipal Bind BiCoin.
Such A Bond Could Potentilly Alow Residents of New York to Gain Exposure to the Top Cryptocurrency in a Tax-Advantaged Way. The Instrument would also enable the city to raise capital.
Adams Did Not Provide Details About the City’s Potential Bitbond. However, The Bitcoin Policy Institute Released a Policy Brief in March Advocating for BitBonds that Wound Use 90% of Their Proceeds to Fund Government and 10% to Purchase Bitcoin.
Holders of the Bond Wound Receive 1% Interest Annuly for 10 Years. UPON MATURITY OF THE BOND, they would also Receive 100% of Bitcoin Upside Up to 4.5% Compounded Return, THEN 50% OF All Remaining Upside. Any Remaining Bitcoin Gains Wuld Be Used to Constitute The Government’s Bitcoin Reserve.
Adams, Who Was First Elected As A Democrat, is Currently Running for Re-Election As An Independent.
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