Andrew Cuomo’s Crypto Pivot Faces Scrutiny Amid Mayoral Bid
Former New York Governor Andrew Cuomo's embrace of cryptocurrency as a campaign strategy has drawn criticism from opponent Zohran Mamdani, who labeled it a 'conflict of interest.' Cuomo's proposal to appoint a Chief Innovation Officer to advance blockchain technology and make New York the 'world capital for digital finance' comes as Polymarket data shows just 6% odds of his mayoral victory.
The move follows current Mayor Eric Adams' pro-crypto stance, including creating an Office of Digital Assets and Blockchain. With Adams withdrawing from the race, the crypto-friendly policies have become a focal point in the election. Cuomo's plan WOULD establish an advisory council with AI, biotech, and cryptocurrency experts to guide the city's tech development.
