NYC Comptroller Rejects Mayor Adams’s “Bitbond” Proposal as Legally and Fiscally Flawed
1d ago•
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New York City Comptroller Brad Lander has firmly rejected Mayor Eric Adams’s Bitbond plan, calling Bitcoin-backed municipal bonds legally dubious and fiscally unsound. He says crypto volatility could erode investor trust, and federal tax rules bar such debt from funding local projects.
1d ago•
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