PANews reported on May 29 that according to CoinDesk, New York Mayor Eric Adams called for the abolition of the BitLicense encryption license system issued by the New York State Department of Financial Services (NYDFS) at the Bitcoin 2025 conference in Las Vegas, and proposed the idea of issuing Bitcoin municipal bonds "BitBond".

Adams said: "Let's cancel the BitLicense and allow Bitcoin to circulate freely in New York," and promised to promote the creation of municipal bonds backed by Bitcoin. According to the plan released by the Bitcoin Policy Institute in March, 90% of the funds raised by such bonds will be used for government spending, and 10% will be used to purchase Bitcoin. Holders can receive 1% annual interest and part of the Bitcoin appreciation income.