Michaela
Former New York Governor Andrew Cuomo has signaled plans to position New York City as a global center for crypto and emerging technologies, proposing the creation of an innovation office and advisory council focused on AI, blockchain, and biotechnology as part of his reported bid for mayor.
Key points:
- Andrew Cuomo plans to position NYC as a global hub for crypto, AI, and biotech, proposing a new innovation office and advisory council.
- A Chief Innovation Officer (CIO) would coordinate technology integration across city agencies, drive modernization, and attract jobs and investment.
- Cuomo has prior crypto experience, having advised firms post-governorship and overseen the first U.S.-based Ether exchange during his tenure, highlighting his engagement in digital asset regulation.
According to crypto journalist Eleanor Terrett, Cuomo is expected to unveil plans to appoint a Chief Innovation Officer (CIO) tasked with transforming New York City into “the global hub of the future” if elected. The proposed CIO would oversee efforts to integrate blockchain, artificial intelligence, and biotechnology across city agencies, drive technological modernization, and attract new jobs and investment to the city.
“Cuomo’s plan, I’m told, also includes an Innovation Council made up of three advisory committees for crypto, AI and biotech. The council would advise on adoption, workforce development and cutting red tape for these emerging industries,” Terrett wrote in her X post.
“New York has always been the city that leads,” Cuomo stated in an official announcement. “We built the tallest skyscrapers, became the financial center of the world and were the birthplace for the labor movement, the civil rights movement and the LBGTQ rights movement. The next Mayor must make sure we’re also leading in the technologies that will define the next century — AI, blockchain, and biotech. That’s what this position is about: Keeping New York City not just competitive, but dominant in the global innovation economy. I’m excited for the future,” he added.
Cuomo has established significant ties to the cryptocurrency sector. Following his tenure as New York governor, he advised major crypto firms and engaged with the industry on regulatory matters. While in office, Cuomo oversaw the New York State Department of Financial Services’ approval of the first U.S.-based Ether exchange, emphasizing his early involvement in shaping digital asset policy.
If elected, Cuomo’s tech-forward platform could reshape NYC’s economic landscape, positioning the city as a competitive hub for innovation. By bridging traditional finance, emerging technologies, and digital assets, his plans signal a potential shift toward a more integrated, future-ready metropolis, attracting talent, investment, and global attention.
Follow on X
Follow on Instagram
Read More
- Wikipedia Sees Sharp Drop in Visitors as AI Changes How People Search
- Japan FSA May Let Banks Hold Crypto: What This Could Mean for SHIB Holders
- UK Targets 65,000 Crypto Investors in Major Tax Crackdown
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
