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.