New York mayor candidate Cuomo pledges crypto innovation with new role

Andrew Cuomo, an independent candidate for New York City mayor, announced plans to establish a senior administration position, the Chief Innovation Officer, to spearhead blockchain and crypto innovation if elected. This role would foster public-private collaboration and utilize new technologies to modernize city services, secure jobs from high-growth industries, and ensure the city leads in defining technologies like AI, blockchain, and biotech. The officer would be appointed in consultation with an innovation council, which aims to position New York as the "world capital" for digital finance and decentralized innovation by replacing outdated regulations with a modern framework. This contrasts with current Mayor Eric Adams, who has also been actively promoting digital asset innovation, including recently signing an executive order to create an office focused on digital assets and blockchain.

(Source：The Block)