Wu Blockchain (@WuBlockchain): New York City Comptroller Brad Lander opposed Mayor Eric Adams’s proposed Bitcoin-backed municipal bond (Bitbond) plan, calling the idea “legally dubi…
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New York City Comptroller Brad Lander opposed Mayor Eric Adams’s proposed Bitcoin-backed municipal bond (Bitbond) plan, calling the idea “legally dubious and fiscally irresponsible.” He noted that under U.S. tax law, municipal bonds cannot be used to purchase cryptocurrencies or to generate investment returns exceeding federally subsidized financing costs. https://t.co/06JoSUKXK4