NYC Mayor Eric Adams wanted Bitcoin-backed bonds, promising a new financial era. However, NYC Comptroller @bradlander disagreed, calling it "legally dubious and fiscally irresponsible."
The drama unfolds in the world of municipal finance, highlighting Bitcoin's divisive nature. Mayor Adams's progressive vision meets a wall of administrative caution, illustrating the clash between futuristic ambitions and traditional governance.
Stay tuned as NYC navigates this crypto conundrum, with its fiscal integrity and reputation at stake.