New York City Comptroller Brad Lander has rejected Mayor Eric Adams’ proposal to issue municipal bonds backed by Bitcoin. Lander, who shares bond issuance authority with the Mayor’s Office of Management and Budget, has ruled out issuing such bonds during his tenure, citing concerns over cryptocurrency’s volatile nature and its lack of stability in backing critical city functions like infrastructure or education. Lander expressed concern that venturing into cryptocurrency could expose New York City to new risks and erode trust from bond investors. Brad Lander, elected in the November election after Eric Adams pursued an independent campaign, maintains his commitment to traditional funding methods for city initiatives, including affordable housing, schools, and other public services.