New York City mayoral candidate Andrew Cuomo plans to transform New York into a Crypto Assets hub.

[New York City mayoral candidate Andrew Cuomo plans to make New York a Crypto Assets center] According to crypto journalist Eleanor Terrett, New York City mayoral candidate Andrew Cuomo (@andrewcuomo) plans to make New York a Crypto Assets center. This former governor of New York State turned mayoral candidate intends to announce that if elected, he will establish a position of “Chief Innovation Officer” (CIO) dedicated to making New York City the “global center of the future.” The Chief Innovation Officer will coordinate the various government agencies in New York City on initiatives related to blockchain, artificial intelligence (AI), and biotechnology, attracting jobs and investment, and promoting the modernization of New York City in the application and integration of new technologies. It is reported that Cuomo's plan also includes the establishment of an “Innovation Council,” which consists of three advisory groups responsible for the fields of Crypto Assets, artificial intelligence, and biotechnology. The council will provide professional advice on the promotion of technology applications in the aforementioned emerging industries, workforce training, and the simplification of administrative processes (reducing bureaucratic red tape).