NYC Comptroller Slams Mayor Eric Adams' Bitcoin Bond Plan as 'Fiscally Irresponsible'

New York City’s Comptroller has dismissed a plan by Mayor Eric Adams to back municipal bonds with bitcoin BTC, calling it “legally dubious and fiscally irresponsible.”Comptroller Brad Lander, who co-manages the city’s debt issuance, rejected the proposal just days after Adams pitched the so-called “BitBond” to a crowd at a bitcoin conference in Las Vegas.“Cryptocurrencies are not sufficiently stable to finance our city’s infrastructure, affordable housing, or schools,” Lander said in a press release. He added that such a move could shake investor confidence and run afoul of federal tax law source: https://www.coindesk.com/markets/2025/05/31/nyc-comptroller-slams-mayor-eric-adams-bitcoin-bond-plan-as-fiscally-irresponsible