Former New York Governor Andrew Cuomo is behind Democratic frontrunner Zohran Mamdani despite proposing to make the city a crypto hub. Outgoing Mayor Eric Adams also tried to attract crypto companies with mixed results. Cuomo’s last-ditch effort to appeal to the crypto industry may not be enough. Cuomo plans to create a chief innovation officer and Innovation Council to attract tech business. The Winklevoss twins have donated millions to Cuomo’s campaign, but Mamdani leads in polls with 43.2% support. The mayor’s office has limited influence over crypto policy, with financial policies set at state and federal levels. Cuomo and Mamdani may have to navigate state regulators to influence the crypto industry.

Read more at Cointelegraph: Can Crypto Save Cuomo’s Campaign?