Former New York Governor Bets on Cryptocurrencies and AI to Transform New York into a Global Hub
- Andrew Cuomo Wants New York to Lead Cryptocurrency
- Plan includes AI and biotechnology to attract investment
- Electoral dispute involves pro-innovation vision in the crypto market
Former New York Governor Andrew Cuomo plans to return to the political stage with a proposal aimed at strengthening sectors such as cryptocurrencies, artificial intelligence, and biotechnology. According to sources close to the campaign, the strategy is part of his attempt to take over the city's mayoralty and position New York as "the global hub of the future."
According to information shared by "Crypto in America" co-host Eleanor Terrett, Cuomo intends to modernize the integration of new technologies in the public sector and create a new position of chief innovation officer. This position will be responsible for attracting investment, promoting job creation, and strengthening the regulatory environment for blockchain and AI companies.
🚨SCOOP: NYC mayoral candidate @andrewcuomo wants to make New York City a hub for crypto.
The former governor turned mayoral candidate is set to announce plans to create a new Chief Innovation Officer to make NYC “the global hub of the future” if elected.
The CIO would…
—Eleanor Terrett (@EleanorTerrett) October 19, 2025
An Innovation Council should be structured with three advisory committees focused on cryptocurrencies, AI, and biotechnology. The proposal is to provide support for technology adoption, workforce development, and the reduction of bureaucratic barriers that hinder the expansion of these emerging industries.
Cuomo already has a history with the cryptocurrency sector. He served as an advisor to the OKEx exchange in a federal investigation that resulted in a settlement of over $500 million in fines for various violations. If elected, his administration could mark a departure from the more rigid regulatory approach that characterized previous administrations.
New York is strategically located as it is home to Wall Street, the world's leading hub for global capital, with exchanges like the NYSE and Nasdaq boasting market values exceeding US$30 trillion. This favorable environment could further strengthen the connection between traditional finance and cryptocurrencies, attracting companies and increasing liquidity in digital markets.
Currently, Eric Adams serves as Mayor and recently created the first Municipal Office of Digital Assets and Blockchain Technology in the United States, with the goal of stimulating public and private initiatives in the sector.
Cuomo will face Democrat Zohran Mamdani, a critic of technology initiatives, and Republican Curtis Sliwa. Mamdani leads in the polls, according to data from the New York Times, making Cuomo an underdog in the race. Crypto industry figures have expressed public opposition to Mamdani, including comments from Gemini CEO Tyler Winklevoss, who stated, "It looks like things will get worse in New York before they get better."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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