Innovate NY, a self-described “pro-digital property” 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 midst 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 by two corporations as of Wednesday.
In accordance with expenditure information, Innovate NY spent $30,000 on a flyer to assist Cuomo and oppose Democratic candidate Zohran Mamdani, who’s presently leading in many polls in opposition to the previous New York governor.
New York Metropolis’s mayoral race has drawn consideration from many within the crypto trade attributable to its potential impression on corporations working within the US’ greatest financial hub. Voters will select between frontrunners Mamdani, Cuomo and Republican candidate Curtis Sliwa on Nov. 4.
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Within the remaining 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 prevented making digital property part of his marketing campaign and as an alternative targeted on cost-of-living issues, together with childcare and inexpensive housing.
Mayor Eric Adams’ remaining crypto push
Eric Adams, who has served as New York Metropolis Mayor since 2022, made a big transfer towards advocating for crypto and blockchain insurance policies in his remaining yr in workplace.
Whereas mayor, he hosted a crypto summit, established a digital advisory council, known as for town to create Bitcoin-backed bonds and not too long ago signed an government order to ascertain a digital property and blockchain workplace.
Adams announced in September that he wouldn’t run for reelection after initially campaigning and receiving assist from crypto entrepreneur Brock Pierce. Whoever wins the mayoral race will take over from Adams on Jan. 1, 2026.
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