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 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 via two corporations as of Wednesday.
Based on expenditure information, Innovate NY spent $30,000 on a flyer to help Cuomo and oppose Democratic candidate Zohran Mamdani, who’s at present leading in many polls towards the previous New York governor.
New York Metropolis’s mayoral race has drawn consideration from many within the crypto business attributable to its potential influence 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 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 towards Cuomo, has largely averted making digital belongings part of his marketing campaign and as a substitute targeted on cost-of-living issues, together with childcare and inexpensive 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 12 months 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 just lately signed an govt order to ascertain a digital belongings and blockchain workplace.
Adams announced 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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