Former governor pledges to make NYC a global hub for crypto, AI, and biotech
Andrew Cuomo, the former governor of New York, is making a political comeback — this time with a crypto-fueled vision for New York City. As part of his mayoral campaign, Cuomo has vowed to transform the city into the world’s leading hub for blockchain, artificial intelligence, and biotech innovation.
According to individuals familiar with his campaign strategy, Cuomo plans to create a Chief Innovation Officer role tasked with driving private-sector investment and job creation across these emerging industries. The initiative also includes establishing an Innovation Council with three advisory committees — one each for crypto, AI, and biotech — focused on adoption strategies, workforce development, and regulatory reform to reduce bureaucratic hurdles.
“New York City has always been a global financial capital. It’s time it became a global digital capital as well,” said Eleanor Terrett, co-host of Crypto in America, who first shared details of Cuomo’s proposed plan.
🚨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.
Cuomo’s involvement with digital assets isn’t new. He previously served as an advisor to OKX, one of the world’s largest cryptocurrency exchanges, during a federal investigation that ended in over $500 million in fines and settlements.
If elected, Cuomo’s leadership could signal a shift from strict enforcement to industry collaboration, potentially positioning New York as a bridge between traditional finance (TradFi) and crypto.
“With Wall Street’s capital base and tech sector talent, NYC is uniquely positioned to become the epicenter of the next financial era,” said Marcus Han, a fintech analyst at Apex Global Advisors.
The timing is critical. The New York Stock Exchange and Nasdaq together represent over $30 trillion in market capitalization, dwarfing competitors worldwide. Current Mayor Eric Adams recently launched the Office of Digital Assets and Blockchain Technology, emphasizing “responsible innovation” — a move Cuomo’s campaign says it plans to expand.
Cuomo faces stiff competition in the November 4 election, running against anti-tech Democrat Zohran Mamdani and Republican Curtis Sliwa. While Mamdani leads most early polls, Cuomo’s tech-forward agenda could resonate with New Yorkers eager to see the city reclaim its reputation as the financial innovation capital of the world.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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