Pro-crypto org backs Andrew Cuomo for NYC mayor as election approaches

Innovate NY, a political group that calls itself “pro-digital belongings” and is funded with about $100,000 forward of the New York Metropolis mayoral election, has endorsed impartial candidate and former state governor Andrew Cuomo.

In an announcement Tuesday, Innovate NY endorsed Cuomo for mayor, for which the race is already in the midst of early voting. The political group cited an agenda that included “blockchain, tokenization, public profit stablecoins and synthetic intelligence.”

The group, registered as an impartial spender with the New York Metropolis Marketing campaign Finance Board, was funded with $99,500 from six individuals by two corporations as of Wednesday.

In keeping with spending information, Innovate NY spent $30,000 on a flyer to help Cuomo and oppose Democratic candidate Zohran Mamdani, who’s at present main in lots of polls towards the previous New York governor.

A part of a flyer funded by Innovate NY on Friday. Supply: New York Metropolis Marketing campaign Finance Board

The New York Metropolis mayoral race has caught the eye of many within the crypto trade on account of its potential affect on corporations working within the US’s largest financial middle. Voters will select on November 4 between front-runners Mamdani, Cuomo and Republican candidate Curtis Sliwa.

Associated: NYC Mayor Establishes Digital Property and Blockchain Workplace

Within the last weeks of his marketing campaign, Cuomo tried to sway crypto-conscious New York voters by promising to create an Innovation Council with advisory committees on crypto, AI and biotech if elected. Mamdani, main within the polls towards Cuomo, has largely prevented making digital belongings a part of his marketing campaign and as a substitute targeted on the price of residing, together with baby care and inexpensive housing.

Mayor Eric Adams’ newest crypto push

Eric Adams, who has been mayor of New York since 2022, has taken an vital step towards advocating for crypto and blockchain insurance policies in his last 12 months in workplace.

As mayor, he hosted a crypto summit, created a digital advisory council, known as on town to create Bitcoin-backed bonds, and lately signed an govt order to create a digital belongings and blockchain workplace.

Adams introduced in September that he wouldn’t run for re-election after initially campaigning and receiving help from crypto entrepreneur Brock Pierce. Whoever wins the mayoral race will take over from Adams on January 1, 2026.

Journal: Bitcoin OG Kyle Chassé is one strike away from a YouTube permaban