Zohran Mamdani, a candidate of the Democratic Party for the Mayor of Up-to-date York, will be in November in the face of candidates, including those who previously held decisive positions in the field of cryptography and blockchain.

Mamdani on Tuesday defeated Former Governor of Up-to-date York Andrew Cuomo with 43.5% of votes in the Democratic Primaryka Up-to-date York. The victory will be introduced by a member of the Up-to-date York Congregation in the competition with the Republican candidate Curtis Sliwa, the current mayor of Up-to-date York Erik Adams and Cuomo, who apparently will act as an independent candidate after the original loss.

With the exception of Mamdani, all main candidates previously held positions favorable to the cryptocurrency industry.

Adams for the first time applied for the mayor as a democrat in 2021, and saying that he would accept his first three payments at Bitcoin (BTC). He talked at cryptocurrency conferences, proposes city bonds supported by BTC and held the peak of digital assets at the mayor’s residence.

Sliwa, although he remains behind Mamdani according to many polls, was against Adams in 2021 regarding the messages of the Pro-Crypto campaign. His platform included plans to open a larger number of cryptographic ATMs in Up-to-date York and encouraging local companies to accept digital assets.

Related: NYC GOPS related to a matter of cryptocurrency torture modified duties: Report

Meanwhile, Cuomo reportedly informed the exchange of cryptocurrencies OKX in 2021, because the American authorities studied the company of conducting unlicensed money. The stock exchange finally paid $ 505 million fine and penalties.

Mamdani publicly criticized Cuomo’s commitment to the stock exchange. “Andrew Cuomo could spend years since he changed his resignation and helping New York”, he he said In the post on April 2. “Instead, he persecuted women who talked about their serial harassment, fought for the maintenance of his book millions … and advised foreign exchange of cryptocurrencies that broke the US law.”

Mamdani is in the face of opposition from cryptographic figures

Since his basic win, Mamdani faced the public opposition from significant characters from the cryptocurrency industry, including co -founder Gemini Cameron Winkless. Tyler Winklevoss also He was floating “Get[ting] Taking part in the mayor’s race in New York, “suggesting financial support for the candidate to defeat Mamdani.

Both brothers got involved in the presidential election in the US in 2024, making millions of dollars aware of the Donald Trump campaign. Anthony “Pump” Pompliano, supporter of Bitcoin and founder and general director of Professional Capital Management, who also participated in the Trump campaign event in Up-to-date York, called About Up-to-date Yorkers to oppose Mamdani.

Bill Ackman, managing a hedge fund, with a net value of over $ 9 billion, also suggested that he would support every candidate with a chance to defeat Mamdani in universal elections:

“[T]Here are hundreds of millions of dollars of capital available to support a competitor to Mamdani, who can be submitted overnight […] That a great alternative candidate would not spend time collecting funds. So, if the right candidate raises his hand tomorrow, the funds are coming. “

Cointelegraph contacted the Mamdani campaign for a comment, but did not receive an answer at the time of publication.

What influence can the mayor of NYC have on the global cryptographic industry?

Whoever wins in the November election can have a significant impact on the cryptocurrency policy in Up-to-date York. As one of the largest business centers in the United States, the city is the seat of several cryptographic companies, including issuers Stablecoin Paxos and Circle, Gemini Exchange Exchange and Payments Company Moonpay.

“If you are in crypto, blockchain, web3 or fintech space, New York is open to business,” said Mayor Adams on May 12.

At the state level, the Department of Financial Services in Up-to-date York required from companies offering services and products related to cryptocurrency from Bitlicense from 2015.

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