Innovate NY Backs Cuomo’s $99.5K Crypto-Focused NYC Mayoral Bid
Innovate NY, a crypto advocacy group, contributed $99,500 to support former Governor Andrew Cuomo’s independent bid in the NYC mayoral race. Registered as an outside spender with the NYC Campaign Finance Board, the group spent $30,000 on flyers endorsing Cuomo and criticizing Democratic front-runner Zohran Mamdani. Innovate NY highlights Cuomo’s plans to develop blockchain technology, digital tokenization, public-interest stablecoins and AI for public benefit. Cuomo pledges to establish an Innovation Council and advisory committees for crypto, biotech and AI policy. Mamdani focuses on housing affordability and childcare. Outgoing Mayor Eric Adams, a pro-crypto advocate, has already launched a blockchain office, hosted a summit and proposed bitcoin-backed bonds. Voters will decide among Mamdani, Cuomo and Republican Curtis Sliwa on November 4, 2025, with the winner taking office January 1, 2026. Innovate NY’s involvement underscores the growing role of crypto policy in NYC politics.
Neutral
This news is neutral for crypto traders because while it signals continued political support for blockchain and crypto policy in New York City, it does not directly affect cryptocurrency markets or specific tokens in the short term. The campaign funding and policy proposals may benefit long-term regulatory clarity, but with no immediate market catalyst, the impact remains neutral.