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NYC Mayor Eric Adams Calls for Upheaval of City's Crypto Licensing Program

The controversial leader called for the repeal of BitLicense in his speech at Bitcon 2025.
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May 29, 2025 • 1 min read

NYC Mayor Eric Adams called for the repeal of the BitLicense at Bitcoin 2025, urging the crypto community to champion innovation and return to New York.

What’s the Scoop?

  • Adams Advocates for Repeal: NYC Mayor Eric Adams urged the repeal of the state’s BitLicense during his speech at Bitcoin 2025, aiming to attract crypto businesses back to the city.
  • Patriotic Symbolism: Adams compared the Bitcoin movement to Betsy Ross sewing the first American flag, emphasizing the grassroots nature of the crypto community.
  • Call to Action: Adams encouraged attendees to join local politics to protect crypto innovation, stating New York must remain a pro-Bitcoin leader.
  • BitLicense Overview: Created in 2015, the BitLicense requires businesses dealing in crypto to meet stringent compliance, with costs ranging from $5,000 to $100,000.

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