Chiara Bianchi
New York City Mayor Eric Adams is doubling down on his pro-Bitcoin stance, announcing plans to bring Bitcoin-backed bonds—dubbed “BitBonds”—to NYC. Speaking at the Bitcoin 2025 Conference in Las Vegas, Adams declared his commitment to pioneering this innovative financial tool in America’s financial capital.
“For the first time in this city’s history, we must create a financial product designed specifically for Bitcoin holders,” Adams said. “I will fight to make BitBonds a reality here in New York.”
The concept of BitBonds was recently introduced by the Bitcoin Policy Institute (BPI). These digital financial instruments combine the security of low-interest Treasury bonds with the potential upside of Bitcoin’s price growth. The model aims to provide fixed income while giving investors exposure to BTC appreciation.
BPI believes that BitBonds could support the creation of a U.S. Strategic Bitcoin Reserve, reduce the national debt burden, and help restructure Treasury payments more efficiently.
Federal Support and Momentum Grows
Momentum for Bitcoin integration into government finance is already growing. In March 2025, President Donald Trump signed an executive order to establish a national Bitcoin reserve, pledging to retain the roughly 200,000 BTC already held by federal authorities and to develop budget-neutral strategies for acquiring more Bitcoin. Trump tasked Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick with the plan’s development.
Adams Calls to Scrap “BitLicense”
Adams used the stage to challenge restrictive regulations, particularly New York’s “BitLicense,” which many in the crypto space criticize for stifling innovation.
“We need to eliminate the BitLicense and allow Bitcoin to flow freely through our city,” Adams stated, pushing for a more open and crypto-friendly environment in New York.
A Long-Time Crypto Advocate
Adams has consistently voiced his support for the digital asset space. During his mayoral campaign, he promised to receive his first three paychecks in Bitcoin. Earlier this month, he hosted New York City’s inaugural Crypto Summit, underscoring his belief that the city must embrace financial innovation to remain globally competitive.
