JPMorgan

April

<a href="https://www.thestreet.com/crypto/policy/nearly-60-chance-bollywood-mayor-beats-andrew-cuomo-in-new-york-primary" rel="noopener noreferrer nofollow">Andrew Cuomo</a>&nbsp;is&nbsp;the 56th governor of <a href="https://www.thestreet.com/crypto/markets/new-york-ban-threatens-bitcoin-miners-new-revenue-stream" rel="noopener noreferrer nofollow">New York</a> from 2011 who resigned in 2021 following numerous sexual misconduct allegations.&nbsp;Cuomo always denied the allegations against him and investigations into this five year old accusations by five separate district attorneys resulted in not a single case ever being brought forward.
Last year, he attempted a&nbsp;comeback when he ran for&nbsp;mayor of&nbsp;New York City but lost to <a href="https://www.thestreet.com/crypto/business/mamdani-elected-new-york-mayor-crypto-entrepreneurs-weigh-leaving-city" rel="noopener noreferrer nofollow">Zohran Mamdani</a>.
Now, Cuomo is making a dramatic career move as he joins the OKX crypto trading exchange's board of directors.
OKX founder and CEO Star Xu <a href="https://x.com/star_okx/status/2079151858388435403" rel="noopener noreferrer nofollow">shared the announcement</a> on X on July 20 and said Cuomo&nbsp;has been a trusted advisor to the exchange since 2023, and his&nbsp;deep leadership experience is an important step in the firm's goal to build the&nbsp;"world’s most trustworthy large digital asset exchange."
<blockquote>
 “Governor Cuomo has been a thoughtful voice for OKX for years, and his move to the board formalizes a relationship that has already shaped how we approach the US market," Xu added. "As we build OKX into the infrastructure layer for both traditional and digital finance, we need people who understand how governments, institutions and markets actually think. That’s exactly what he brings.”
</blockquote>
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 <figcaption>
 Chris Cuomo and Andrew Cuomo speak at the "Mario" Documentary post-screening reception during the 2026 Tribeca Festival at Little Ned on June 04, 2026 in New York City. 
 Getty Images
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On June 22, OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), <a href="https://www.businesswire.com/news/home/20260622653058/en/Intercontinental-Exchange-and-OKX-Establish-Joint-Venture-to-Bridge-Traditional-and-Digital-Asset-Markets" rel="noopener noreferrer nofollow">announced</a> the formation of a joint venture focused on building next-generation infrastructure for tokenized and digitally native financial products which will be co-chaired by ICE and Cuomo.
<blockquote>
 “This partnership brings together OKX’s world-class blockchain technology and ICE’s trusted market infrastructure to help build a more modern, transparent, and resilient financial system for the future," Cuomo then remarked. "I am personally excited by the prospect of the societal impact that blockchain technology can lead to: the democratization of finance, bringing basic financial services to underserved populations.”
</blockquote>
<h3 id="trending-on-thestreet-roundtable">Trending on TheStreet Roundtable:</h3>
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</ul>
<h2 id="cuomo-shares-old-relationship-with-okx">Cuomo shares old relationship with OKX</h2>
As per a <a href="https://www.bloomberg.com/news/articles/2025-04-02/cuomo-advised-crypto-exchange-okx-on-its-response-to-us-probe" rel="noopener noreferrer nofollow">Bloomberg report</a>&nbsp;from April 2025, OKX hired Cuomo to counsel the crypto exchange while there was a federal probe going on against it.
In February 2025, OKX's parent company, Aux Cayes Fintech Co. Ltd., had&nbsp;<a href="https://www.justice.gov/usao-sdny/pr/okx-pleads-guilty-violating-us-anti-money-laundering-laws-and-agrees-pay-penalties" rel="noopener noreferrer nofollow">pleaded guilty</a> to&nbsp;one count of operating an unlicensed money transmitting business and&nbsp;agreed to pay monetary penalties totaling more than $504 million.
During the mayoral campaign last year, Mamdani had sharply&nbsp;<a href="https://x.com/ZohranKMamdani/status/1907521266640454032" rel="noopener noreferrer nofollow">criticized</a> Cuomo for advising OKX while the U.S. authorities were investigating the crypto exchange.
<a href="https://www.thestreet.com/crypto/markets/new-york-ban-threatens-bitcoin-miners-new-revenue-stream" rel="noopener noreferrer nofollow">Related: New York ban threatens Bitcoin miners' new revenue stream</a>

Former New York Governor makes dramatic career move

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