At the Bitcoin 2025 conference in Las Vegas, New York City Mayor Eric Adams urged for the termination of the BitLicense, promoting a more open environment for cryptocurrency businesses in the city. Adams invited crypto companies to establish themselves in New York, echoing his comments from the previous week's crypto summit at Gracie Mansion. He stated, 'New York is the Empire State, where we build empires, not break them.
We're extending an invitation for you to return home.' The mayor, who has been a vocal critic of the BitLicense, suggested that its removal would enable the free flow of Bitcoin in the city. Additionally, Adams proposed the creation of a 'BitBond,' which would likely be a municipal bond backed by Bitcoin, allowing residents to invest in the cryptocurrency with tax advantages while providing the city with a means to raise capital.