Eric Adams Calls for End of BitLicense: New York Seeks to Rekindle Crypto Boom

New York City Mayor Eric Adams has made a bold plea for change in the city’s crypto landscape, advocating for the repeal of the BitLicense. During his speech at Bitcoin 2025, he urged industry leaders to embrace a friendlier regulatory environment that would allow for greater innovation. The BitLicense, introduced in 2015 and aimed at regulating the growing cryptocurrency sector, has been criticized for its high costs and complex procedures that are deemed overly burdensome by many.