# NYC Mayor Eric Adams Calls for Upheaval of City's Crypto Licensing Program

*Author: Bankless*
*Published: May 29, 2025*
*Source: https://www.bankless.com/fr/read/nyc-mayor-eric-adams-call-for-upheaval-of-citys-crypto-licensing-program*

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NYC Mayor Eric Adams called for the repeal of the BitLicense at Bitcoin 2025, urging the crypto community to champion innovation and return to New York.

## **What’s the Scoop?**
- **Adams Advocates for Repeal**: NYC Mayor Eric Adams urged the repeal of the state’s BitLicense during his speech at Bitcoin 2025, aiming to attract crypto businesses back to the city.
- **Patriotic Symbolism**: Adams compared the Bitcoin movement to Betsy Ross sewing the first American flag, emphasizing the grassroots nature of the crypto community.
- **Call to Action**: Adams encouraged attendees to join local politics to protect crypto innovation, stating New York must remain a pro-Bitcoin leader.
- **BitLicense Overview**: Created in 2015, the BitLicense requires businesses dealing in crypto to meet stringent compliance, with costs ranging from $5,000 to $100,000.