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Controller and Finance Officials Raise Skepticism Over Mayor’s 'Bit Bond' Proposal
Summary
After the mayor floated issuing bitcoin‑linked municipal bonds at a crypto conference, the Comptroller and Department of Finance officials said they were surprised and expressed concerns about volatility, legal compliance and directive constraints on bond issuance.
The mayor’s announcement at a Las Vegas crypto event that the city would explore issuing bitcoin‑linked bonds — so‑called “bit bonds” — drew swift skepticism from the city’s fiscal officers during the finance hearings.
Brad Lander, the New York City Comptroller, told the committee he had learned about the idea through press reports and that the controller’s office would not support issuing bitcoin‑backed bonds on its watch. "We will not…
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