New York Mayor Eric Adams Advocates for Repeal of BitLicense
- Mayor Eric Adams called for the repeal of the BitLicense at Bitcoin 2025.
- Adams compared Bitcoin’s grassroots movement to Betsy Ross sewing the first American flag.
- The BitLicense, introduced in 2015, requires businesses dealing in crypto to comply with strict standards.
- Adams urged attendees to engage in local politics to support crypto innovation.
- The first company to receive a BitLicense was Circle, followed by firms like Coinbase and Robinhood Crypto.
New York Mayor Eric Adams used his platform at Bitcoin 2025 to advocate for repealing the BitLicense, drawing parallels between Bitcoin’s grassroots origins and historical American symbols. He emphasized engaging with local politics to foster a pro-Bitcoin environment in New York City.
Source (2.6)https://decrypt.co/322572/crypto-mayor-eric-adams-end-new-yorks-bitlicense?rand=52368
