NYC Bitcoin-Bond Idea Squashed by Lander as ‘Irresponsible’

New York City Comptroller Brad Lander poured cold water on Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin.

Lander, who shares responsibility for debt issuance with the Mayor’s Office of Management and Budget, said the largest US city won’t be issuing Bitcoin-backed bonds while he’s in office. Lander, a Democrat, is also a candidate to succeed Adams in November’s mayoral election. Adams is running as an independent.