Crypto Group Invests in Cuomo’s NYC Mayor Bid: Will it Boost Crypto-Friendly Politics?

A crypto advocacy group, Innovate NY, has spent $30,000 to promote Andrew Cuomo’s potential mayoral campaign, using flyers that highlight his pro-crypto stance. This move signals a growing push for New York City to become more welcoming towards blockchain technology and stablecoins. While Cuomo hasn’t declared candidacy yet, the group’s investment suggests he could attract support from the crypto community, potentially shaping NYC’s political landscape. This initiative follows a trend of crypto involvement in politics as they seek favorable regulatory frameworks, which could benefit businesses and talent. It remains to be seen if Cuomo’s embrace of these ideas will translate into tangible changes for New York’s crypto industry.