Andrew Cuomo’s crypto Hail Mary unlikely to give an edge over Mamdani

As the New York mayor’s race draws to a culmination, Andrew Cuomo has developed a crypto and AI strategy for the city.

Former New York Governor Andrew Cuomo lags far behind Democratic frontrunner Zohran Mamdani despite unveiling his proposal to make the city a crypto hub.

Cuomo’s plan, announced on Sunday, would create a new office that would be responsible for attracting emerging tech companies, including cryptocurrencies and blockchain.

The move follows similar initiatives from outgoing Mayor Eric Adams, which have yielded mixed results so far. The mayor’s office reported that many crypto startups have appeared in New York, while existing crypto businesses have not seen much change. Some have noted that the mayor’s office generally has little influence over how or whether the crypto industry develops.

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