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NY Comptroller Rejects Mayor Adams’s Bitcoin Bond Plan

  • New York City Comptroller rejects Mayor Adams's Bitcoin bond plan.
  • Comptroller Lander stated that cryptocurrencies are not stable for financing city infrastructure, affordable housing, or schools.
  • Mayor Adams proposed 'BitBond' to position NYC as a leader in crypto innovation, but Comptroller Lander criticized it as legally dubious and fiscally irresponsible.
  • City leadership is divided over the role of crypto in public finance, with Adams promoting crypto innovation while fiscal guardians like Lander express skepticism.

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