Andrew Cuomo, an independent candidate for mayor of New York City, announced Sunday that his administration would create the role of Chief Innovation Officer to lead blockchain and crypto innovation in the city.
Cuomo said the role, a senior administration position, would work to guarantee that the city supports emerging industries and fosters public-private collaboration by utilizing new technologies.
“The next Mayor must make sure we’re [leading] in the technologies that will define the next century — AI, blockchain, and biotech,” Cuomo said.
The main tasks of the role involve securing investments and jobs from high-growth industries and innovating the city public services to become more efficient and equipped with new technologies.
The Chief Innovation Officer will be appointed in consultation with an innovation council that consists of leaders of the three emerging technologies. The council will continue to work with the officer after the appointment.
Regarding crypto and blockchain, the council aims to establish New York as the “world capital” for digital finance and decentralized innovation, according to the announcement.
“This includes exploring ways to replace outdated regulations with a modern framework that protects consumers and encourages responsible innovation,” the announcement noted.
Current New York Mayor Eric Adams has been pushing for blockchain and digital asset innovation, notably spearheading the city’s first crypto summit. Last week, Adams signed an executive order creating an office focused on digital assets and blockchain.
Adams is scheduled to complete his term on Jan. 1, 2026. The next Mayor, who will be elected in the upcoming general election on Nov. 4, 2025, will assume office on that date.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
