Cuomo crypto plan no meet wetin dem want with BitLicense overhaul

Andrew Cuomo don launch tech plan wey focus on crypto for him campaign to be New York City mayor. Him plan get chief innovation officer plus Innovation Council wey get special crypto, AI and biotech advisory committees dem. The main thing for the plan na to makeover the BitLicense wey fit remove regulatory wahala for new companies. The plan go update New York old BitLicense framework but still balance consumer protection and regulatory clarity. Cuomo wan make NYC become number one crypto center to create jobs and increase tax money. Earlier moves by outgoing Mayor Eric Adams, like to pay him salary with BTC and start Office of Digital Assets and Blockchain, help local startups but no get big regulatory power. Even though crypto lobby groups, including Winklevoss twins and Bill Ackman, give record donations, Cuomo dey behind Democratic front-runner Zohran Mamdani 28.9% to 43.2%. Voters put cost of living, public safety and housing affordability above crypto policy. Traders dey see the development as neutral. Dem see say crypto hub get long-term potential but no immediate market effect.
Neutral
Cuomo proposal dey show say e dey pro-crypto regulation and e go support blockchain projects for NYC long-term. Even though dem fit change BitLicense to make am easy for companies and attract investment, the way mayoral race and wetin voters want e dey stop any quick change. Traders go likely see am as neutral: the plan dey support crypto hub grow well well long term but e no get quick timeline or actions wey go move market. For history, this kain policy announcement no get much short-term price effect. Unless Cuomo dey do well for polls or get plenty support, the crypto market no go too change soon.