New York City’s Comptroller has dismissed a plan by Mayor Eric Adams to back municipal bonds with bitcoin , calling it “legally dubious and fiscally irresponsible.”Comptroller Brad Lander, who co-manages…
Key Takeaways:New York City Comptroller Brad Lander firmly rejected Mayor Eric Adams’s proposal to issue Bitcoin-backed municipal bonds.
Lander warned that using volatile crypto assets to fund infrastructure and housing projects…
New York City Comptroller Brad Lander has criticized Mayor Eric Adams’s proposal to issue municipal bonds backed by Bitcoin, warning that such a move would introduce financial risk and undermine…