The independent political organization Innovate NY PAC has announced its endorsement of Andrew Cuomo for Mayor of New York City. This endorsement is rooted in a shared vision for a progressive economic agenda that utilizes blockchain technology, tokenization, public-benefit stablecoins, and artificial intelligence. The goal is to create novel revenue streams, improve civic services, and solidify New York City's position as a global center for innovation and finance.
Why Andrew Cuomo?
Eddie Cullen, Chair of Innovate NY PAC, stated, “We believe Andrew Cuomo brings the leadership, experience, and vision to make New York City the global leader in innovation. Under his leadership, New York can once again become the city that drives opportunity for working families, entrepreneurs, and innovators alike.” The organization sees Cuomo as the right leader to implement an agenda focused on technological advancement and economic opportunity.
Policy Agenda for the Next Innovation Era
Innovate NY PAC has outlined a comprehensive policy agenda designed to usher in a new era of innovation for New York City. This agenda includes:
Public Benefit Stablecoins
This initiative aims to enable projects like NYC USD™, the first stablecoin model designed to use its yield to fund affordability programs, education, and civic services. The objective is to demonstrate how technology can serve the public good, moving beyond bureaucratic inefficiencies.
City Impact Tokens
Supporting initiatives such as the NYC Token™, which leverages blockchain technology to generate new city revenue without imposing additional taxes. This approach seeks to fund affordable housing, infrastructure, and civic innovation through tokenized impact models.
Civic Real-World Tokenization
Promoting efforts like Tokenize the Border™, which harnesses blockchain technology to foster binational collaboration, establish clean-energy zones, and stimulate economic growth. These projects illustrate how innovation can address significant issues, such as immigration, through revenue-focused, cooperative frameworks. By pioneering these civic tokenization structures, New York City can establish itself as a national leader in applying advanced technology to global challenges. This will open new markets for New York-based fintech, construction, and clean-energy firms, attract significant investment capital, and create high-skilled employment opportunities in blockchain engineering, infrastructure, and policy development. Essentially, every innovation originating from the border initiatives will reinforce New York's status as a preeminent financial and technological capital worldwide.
Cross-Border STEM Collaboration
Establishing connections between New York City and Africa through digital education, talent exchange programs, and joint research initiatives. This effort is intended to build a foundation for global equity in innovation and expand New York's influence as a hub for education and technology.
AI-Powered Smart Tariffs
Exploring the implementation of AI-driven tariff systems that can dynamically adjust based on real-time economic data. The aim is to maximize revenue for the U.S. and New York City while simultaneously strengthening trade relations and promoting global fairness.
Why This Matters
New York City is currently at a critical juncture, where traditional economic models are no longer sufficient to keep pace with the rapid advancements in global innovation. By embracing blockchain and AI-driven financial tools, the City has the potential to achieve several key objectives:
- •Generate new sources of public revenue without the necessity of increasing taxes.
- •Provide small businesses and families with access to modern financial tools, thereby empowering them.
- •Rebuild and strengthen global investor confidence in New York City's economic future.
- •Position the United States to lead the way into the next era of digital prosperity.
About Innovate NY PAC
Innovate NY PAC is an independent expenditure committee committed to promoting innovation, technology-driven economic growth, and public-benefit finance models within New York City. The organization operates independently of any candidate or campaign and does not coordinate any communications or strategies with candidates or their respective committees.
An analysis prepared by the Innovate NY PAC Policy & Research Team illustrates how the yield from public-benefit stablecoins could be distributed to support city affordability initiatives.