Former New York Governor Andrew Cuomo is making waves by integrating crypto and AI into his campaign to serve as the city’s mayor again. His plans include establishing NYC as a global technology and crypto innovation center, aimed at coordinating blockchain, AI, and biotech advancements.

The campaign, reported by Eleanor Terrett, emphasizes engaging a chief innovation officer to attract investments and create jobs. Additionally, an Innovation Council with three advisory committees focused on crypto, AI, and biotech will be introduced, aimed at easing the transition into these emerging sectors.

Cuomo, who has experience with crypto through his consultation work with OKX, envisions revitalizing the city to become a magnet for tech talent, contrasting the previous strict regulatory environment.

Strengthening Ties Between TradFi and Crypto

By enhancing relationships between traditional finance and cryptocurrency, the strategic initiatives could channel significant investment into crypto sectors, potentially benefiting from New York’s enormous market capitalization.

Current Landscape

Eric Adams, the current mayor, has taken a proactive stance by establishing the first Office of Digital Assets and Blockchain Technology, promoting the ethical use of these emerging technologies to foster economic growth.

Political Competition

Cuomo is in a competitive race against Zohran Mamdani, who is favored in polls, and Curtis Sliwa; elections are set for November 4. The ideological divide is sharp, with Mamdani’s more progressive stance prompting critique from industry players, including a cautionary statement from Tyler Winklevoss who suggested conditions for crypto may worsen before they improve.