At Bitcoin 2025, NYC mayor, Eric Adams, proclaimed that he’s going to push to issue a BitBond, but judging by his past inaction on Bitcoin as well as a statement from NYC’s comptroller, odds are New Yorkers won’t see a BitBond in the near future.
New York-based members of the Bitcoin and crypto industry tell the Adams administration that it needs to cut the red tape if New York is to become the crypto capital of the world.
Certain Democrats have made the case that the U.S. federal government should follow New York State’s lead when it comes to Bitcoin and crypto regulation. This is a terrible idea.
New York’s Senate just voted to place a two-year moratorium on the bitcoin mining industry preventing new applications and renewals for carbon-based mining.
During Q1 2022, Townsquare Media, a digital media company, purchased $5 million of bitcoin stating that the company believes in bitcoin’s “long-term potential.”