The campaign has argued that New York’s BitLicense rules are outdated and should be replaced with a new framework that aims to protect consumers while making it easier for firms to operate.
The proposal faces big questions. Voters and some city leaders worry about consumer risk when government appears to offer a friendlier climate to crypto firms, which have been tied to several high-profile failures in recent years.
The former governor turned mayoral candidate is set to announce plans to create a new Chief Innovation Officer to make NYC “the global hub of the future” if elected.
The CIO would…
Cuomo’s return bid comes after a bruising exit from state office. His record will shape how people respond to the new pitch. Some donors in finance and tech see value in a mayor who prioritizes jobs and industry.
Other voters will judge him on housing, safety, and transit — everyday issues that matter most to city residents. Based on earlier results, Cuomo trailed in the Democratic primary and has mounted an independent campaign, which changes how he may build a coalition.
Supporters say clearer rules could bring jobs and tax revenue. Critics say the plan might favor well-funded firms and leave ordinary users exposed.
According to interviews and reporting, business groups are watching closely, but so are consumer advocates and elected officials who fear loosening rules without firmer protections. Money and endorsements will show whether the pitch earns traction.
The mayoral election is set for Nov. 4, 2025.
Featured image from Republican Governors Association, chart from TradingView
