<ul><li>New York City Comptroller, Brad Lander, criticizes Mayor Adams' plan to introduce municipal bonds supported by Bitcoin, citing financial risks and loss of investor confidence.</li><li>Lander stated he would not allow New York City to issue crypto-associated debt tools under his tenure, emphasizing the instability of virtual assets for funding city infrastructure, housing, or schools.</li><li>The proposed BitBond model includes bondholders earning a 1% annual interest rate for 10 years, with a share of Bitcoin price gains upon maturity. 90% of the funds would be allocated to government spending and 10% for a strategic Bitcoin reserve.</li><li>Mayor Adams' lack of details on the functioning of the BitBond raised concerns, as traditionally, the city issues bonds for capital assets and under strictly defined circumstances for other purposes.</li></ul>

Brad Lander Slams Mayor Adams’ Risky Bitcoin Bond Plan

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