Andrew Cuomo pitches crypto-fueled comeback in NYC mayoral bid

Former New York governor Andrew Cuomo is positioning himself for a return as New York City’s mayor, emphasizing significant investments in crypto and AI. He intends to establish NYC as a leading global hub by incorporating blockchain, AI, and biotech sectors. To drive this initiative, Cuomo plans to create a chief innovation officer role and an Innovation Council with advisory committees focused on crypto, AI, and biotech, aimed at fostering adoption and workforce development. Cuomo’s background includes past involvement with cryptocurrencies, despite previous legal inquiries into his administration’s practices around digital assets. He is competing against Democrat Zohran Mamdani, who has shown an anti-tech stance, and Republican Curtis Sliwa for the upcoming election on November 4. While the current mayor, Eric Adams, has initiated the creation of a municipal Office of Digital Assets, Cuomo’s proposals aim to strengthen the intersection between traditional finance and crypto, as NYC holds a substantial accumulation of capital, with major markets such as the NYSE and Nasdaq leading in size and investment potential.

Source 🔗