🗽 NYC Mayor Says: Kill the BitLicense, Save Crypto

🔥 Eric Adams Goes Full Crypto

New York City Mayor Eric Adams is back in the crypto spotlight — and he’s not playing safe. He just called for the end of the state’s BitLicense, calling it a “job killer” and a blocker to NYC’s dream of becoming the crypto capital of the world.

💸 Pay Me in Bitcoin

Adams made waves in 2021 when he took his first 3 paychecks in Bitcoin — while most politicians were still Googling “blockchain.” Despite critics, he doubled down:

“Look at Bitcoin now. I didn’t lose money — I made it.” He credits early crypto OG Brock Pierce for onboarding him — and now he’s ready to onboard the entire city.

🚫 Why He Hates the BitLicense

The BitLicense, launched in 2015, was supposed to make NY safer. Instead?

• Only 30 companies have it
• It’s expensive, restrictive, and bureaucratic
• Startups skip NY entirely — or leave

Adams says: “Regulate, don’t suffocate.” He’s urging the crypto industry to lobby Albany to reform or kill the BitLicense for good.

🏙️ Blockchain for the People

Adams’ crypto vision isn’t just about fintech bros. It’s about:

• Lowering remittance costs for NYC’s Caribbean diaspora
• Teaching crypto in schools
• Letting people pay in BTC for daily life
• Creating jobs in underserved communities

He wants blockchain in public services, not just wallets.

🧠 Safety ≠ Strangulation

Adams admits crypto needs smart regulation, especially after scams and rug pulls. But the current system? It’s pushing builders away. He wants:

• Investor protection, not overreach
• Advisory councils with actual crypto experts
• A framework that encourages innovation, not chokes it

🪙 Crypto as the New Money

To Adams, we’re living through a financial revolution — like going from seashells to metal to mobile wallets. And NYC shouldn’t be last to join.

“If we miss this wave, we’ll regret it for decades.”

TL;DR

• NYC Mayor Eric Adams is calling to abolish the BitLicense
• Says it’s blocking innovation and hurting startups
• Wants blockchain in schools, services, and payments
• Pitched crypto as a tool for inclusion, especially for immigrant communities
• Urges the industry to lobby for reform and help make NYC the crypto capital of the world