Zahran Mamdani, the Democratic Party candidate for the position of mayor of New York City, will face a field of candidates in November, including those who have previously taken fixed positions in encryption and Blockchain.
On Tuesday, former New York Governor Andrewani, Andrew Como, defeated 43.5 % of the vote in the democratic preliminary elections in New York City. Al -Nasr will put a member of the New York State Association in competition with Republican candidate Cortis Slawa, the current New York City mayor Eric Adams, and Komo, who will do as an independent candidate after the basic loss.
With the exception of Mamdani, all major candidates have previously held positions in favor of the cryptocurrency industry.
Adams ran for the first time to the mayor as a democracy in 2021, saying that he would accept his first three salaries in Bitcoin (BTC). He continued speaking at the encryption conferences, and suggested BTC municipal bonds and holds the summit of digital assets at the mayor’s headquarters.
Selia, although she was behind Mamdani, according to many opinion polls, fought against Adams in 2021 the messages of the supportive campaign of sulfo. His platform included plans to open more ATMs in New York City and motivate local companies to accept digital assets.
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Meanwhile, Cuomo advised Cryptocurrency Exchang OK in 2021, when the American authorities were investigating the company for operating a company that is not licensed to capture money. The stock exchange ended with $ 505 million in fines and penalties.
Mamdani has publicly criticized Komo’s participation with the stock exchange. He said in a hall on April 2 x: “Instead, he wiped the women who talked about his serial harassment, and fought to preserve his book Millions … and advised an exchange of foreign encryption that broke American law.”
Mamdani faces opposition from encryption figures
Since his primary victory, Mamdani has faced general opposition from important figures in the encryption industry, including the co -founder of Gemini Cameron Winklevoss. Tyler Winklevoss also introduced the idea of ”Getting[ting] “The financial support for the candidate is proposed for the defeat of Mamdani.
Two brothers were involved in the 2024 US presidential elections, pledged millions of dollars in Donald Trump’s campaign at the time. Anthony Bombano, a supporter of Bitcoin, founder, and CEO of Prof, Capital Management, who also attended the Trump campaign event in New York City, invited the New York residents to opposition to Mamdani.
The director of hedge funds, Bill Akman, whose clear value of more than $ 9 billion, suggested that any candidate supported with an opportunity to defeat Mamdani in the general elections:
“[T]Here are hundreds of million dollars in the available capital to support a competitor to Mamdani, which can be collected overnight […] So as a wonderful alternative candidate does not spend any time to raise money. So, if the appropriate candidate raises his hand tomorrow, the money will flow. “
Cointelegraph has communicated with Mamdani’s campaign to comment, but she did not receive a response at the time of publication.
What is the impact of the mayor of New York City on the global encryption industry?
Who wins in the November elections can have a significant impact on encryption policies in New York City. As one of the largest business centers in the United States, the city is the seat of many encryption companies, including Stable Paxos and Circle, Gemini Cryptocurrency Exchang, and Payments Moonpay.
Mayor Adams said on May 12: “If you are in Crypto, Blockchain, Web3, or The Fintech Space, New York City is open to work,” Mayor Adams said on May 12.
At the state level, the New York Ministry of Financial Services has requested companies that provide services and products related to encryption to apply for Bitlicense since 2015. Although many have criticized the license program-including Adams-any mayor in New York City in the future, will only be able to apply political pressure to the state supervisors.
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