"Andrew Cuomo is pushing a tech-heavy message as he mounts a bid to return to city government. According to campaign outlines and media reports, he wants New York to court blockchain and other emerging tech industries while changing local rules that his team says hold startups back. The plan is meant to draw business donors and signal a different focus from his main rival."
"The campaign has argued that New York's BitLicense rules are outdated and should be replaced with a new framework that aims to protect consumers while making it easier for firms to operate.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."
Andrew Cuomo proposes a tech-focused mayoral agenda to court blockchain, AI, and biotech industries and change local rules that his team says impede startups. The plan would create a Chief Innovation Officer and an office coordinating policy with an Innovation Council and three advisory committees for crypto, AI, and biotech to guide workforce training and regulatory changes. The campaign urges replacing New York's BitLicense with a new consumer-protection framework that eases firm operations. Voters and some city leaders express concern about consumer risk after high-profile crypto failures. The proposal lacks detailed oversight and loss-handling specifics and may require state and federal cooperation. Cuomo's political history will shape donor and public response.
Read at Bitcoinist.com
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