Zoharan Mamdani, a Democratic Party candidate for the Mayor of New York City, will face a field of candidates in November, including those who have taken firm positions on crypto and blockchain.
On Tuesday, Mamdani Defeated Former New York Governor Andrew Kuomo with 43.5% vote in Democratic Primary in New York City. The victory will be held in the New York State Assembly Member with Republican candidate Curtis Sliva, current NYC Mayor Eric Adams and Cumo, who will allegedly run as an independent candidate after the alleged primary loss.
With the exception of Mamdani, all major candidates have held positions in favor of the first cryptocurrency industry.
Adams first participated as a democrat for the mayor in 2021, stating that he would accept his first three salary in Bitcoin (BTC). He has gone to the crypto conferences to speak at the BTC-supported municipal bonds and organize a digital asset summit at the mayorl residence.
Sliva, although falling behind the Mamdani, escaped against Adams on the Pro-Cripto campaign message in 2021, although several elections. His platform included plans to open more crypto ATMs in New York City and to encourage local businesses to accept digital assets.
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Meanwhile, Quomo reportedly advised the Cryptocurrency Exchange OKX in 2021 as American officials were investigating the company to operate an unlicensed money-transmitting business. The exchange paid $ 505 million in fine and punishment.
Mamdani has publicly criticized Cumo’s participation with the exchange. “Andrew Kuomo could spend years since his resignation and help New Yorkers,” Said In April 2X Post. “Instead he hounded women who talked about their serial oppression, fought a fight to keep their book deal millions … and advised a foreign crypto exchange that broke us the law.”
Mamdani faces crypto data
Since her primary win, Mammadani has faced public opposition from significant figures in the Crypto industry, including Mithun’s co-founder Cameron Winklevos. Tyler Vinklevos too Ongoing The idea of ”Gate (Ting) included in the NYC mayor race, suggesting financial assistance to a candidate to defeat Mamdani.
Both brothers joined the US presidential election of 2024, pledging millions of dollars for the campaign of the then candidate Donald Trump. Anthony “Pompe” pommporiano, a bitcoin proposer and founder of professional capital management and CEO, who also participated in a Trump campaign program in New York City, called On New Yorkers to oppose Mamdani.
Hedge Fund Manager Bill Acman, also with net assets of more than $ 9 billion suggested He will return to any candidate with the opportunity to defeat Mamdani in the general election:
“(T) Hundreds of million dollars are available here for Mamdani to return a contestant, which can be kept together overnight (…) so that a great optional candidate does not spend in raising money at any time. Therefore, if the right candidate will extend his hand tomorrow, the money will be inserted.”
Cointelegraph reached Mamdani’s campaign for comments, but did not receive a response at the time of publication.
What can be the effect of NYC Mayor on the global crypto industry?
Whoever wins the November election, can have a significant impact on the crypto policies of New York City. As one of the largest commercial centers in the United States, the city is the headquarters of several crypto firms, including Stabeloin release Paxos and Circle, Cryptocurrency Exchange Gemini, and Payment Company Moonpe.
“If you are in Crypto, Blockchain, Web 3 or Fintech Space, New York City is open to trade,” said Mayor Adams on 12 May.
At the state level, the Department of Financial Services of New York needs crypto-related services and businesses offering products to apply for a bitalisance since 2015. Although many people have criticized the licensing program, including ADMs-any future NYC mayor will be able to apply political pressure for state MLAs.
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