Innovate NY, a self-described “pro-digital belongings” political group funded with about $100,000 forward of the New York Metropolis mayoral election, has backed unbiased candidate and former state Governor Andrew Cuomo.
In a Tuesday discover, Innovate NY endorsed Cuomo for mayor, the race for which is already in the course of early voting. The political group cited an agenda that included “blockchain, tokenization, public-benefit stablecoins, and synthetic intelligence.”
The group, registered as an unbiased spender with the New York Metropolis Marketing campaign Finance Board, was funded with $99,500 from six people via two corporations as of Wednesday.
In response to expenditure information, Innovate NY spent $30,000 on a flyer to help Cuomo and oppose Democratic candidate Zohran Mamdani, who’s presently main in lots of polls in opposition to the previous New York governor.
New York Metropolis’s mayoral race has drawn consideration from many within the crypto trade as a result of its potential affect on corporations working within the US’ greatest financial hub. Voters will select between frontrunners Mamdani, Cuomo and Republican candidate Curtis Sliwa on Nov. 4.
Associated: NYC mayor establishes digital belongings and blockchain workplace
Within the closing weeks of his marketing campaign, Cuomo made a push to crypto-minded New York voters, pledging to arrange an Innovation Council with advisory committees for crypto, AI and biotech if elected. Mamdani, main within the polls in opposition to Cuomo, has largely averted making digital belongings part of his marketing campaign and as an alternative centered on cost-of-living considerations, together with childcare and reasonably priced housing.
Mayor Eric Adams’ closing crypto push
Eric Adams, who has served as New York Metropolis Mayor since 2022, made a major transfer towards advocating for crypto and blockchain insurance policies in his closing yr in workplace.
Whereas mayor, he hosted a crypto summit, established a digital advisory council, referred to as for the town to create Bitcoin-backed bonds and not too long ago signed an govt order to determine a digital belongings and blockchain workplace.
Adams introduced in September that he wouldn’t run for reelection after initially campaigning and receiving help from crypto entrepreneur Brock Pierce. Whoever wins the mayoral race will take over from Adams on Jan. 1, 2026.
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