The candidate for the viral town hall of New York, Zohran Mamdani, provoked a storm on social networks with his “social-democratic” political ideology and his approach to engaging campaign. However, its crypto position is still in gray.
Meanwhile, Mamdani’s opposition is already turning to cryptographic industry to swing public opinion.
Zohran Mamdani’s silence on the crypto
New York, a large hub in the cryptocurrency industry, should hold an election from the mayor on November 4, 2025.
The current mayor Eric Adams, elected as a democrat, is looking for a re -election as an independent candidate. Andrew Cuomo, the former New York State governor, is also underway.
The two men, who previously appeared for offices on the Democratic Party tickets, are against a newcomer up in the New York town hall race.
It would be the 33 -year -old New York MP Zohran Mamdani, who presents himself as a Democrat, winning the party’s appointment against Cuomo, who now plans to present himself as independent.
Already, Mamdani is very popular, even for those outside the five arrondissements of New York.
On July 16, Mamdani was in Washington. He met leading democrats such as senator Bernie Sanders and representative Alexandria Ocasio-Cortez, who both approved Mamdani in the successful primary race of his party against Cuomo.
Sanders posted on Twitter / X that day about Mamdami, saying he was “Deeply impressed by the basic campaign he directs”.
But Mamdani never talked about crypto. Beincryptto contacted Mamdani, both his campaign and his consulting office, for comments on the blockchain industry.
There was no answer at the time of the press.
Although his follow-up is largely a younger demographic group, he has not yet approached politics concerning blockchain and cryptocurrency in a city well known for industry.
Some in crypto could be worried. The main democrats criticized the cryptocurrency, mainly due to consumer protection problems.
Will Mamdani’s political ideology hinder the progress of New York cryptography?
The most frank democratic member of the opposition of cryptography is Elizabeth Warren, who told CNBC on July 17 that Mamdani was “willing to try new ideas”.
It may not be enough to convince defenders of the Mamdani cryptocurrency is the right person to advance blockchain technology in New York, where companies like Uniswap, Opensea and Consensys have their head office.
“Not optimistic” said Brian Mahoney, based in New York as vice-president of commercial development of the thesis, an accelerator of Bitcoin Startup.
Influential Democrats like Warren have been frank criticisms of the cryptocurrency industry. And Mamdani’s position as The “socialist” democrat may not align with the ideals of the free market Blockchain and cryptocurrency.
It is difficult to say when Mamdani’s positioning is not yet clear. This can take some time before positioning crystallizes before the elections in November.
“I voted for him because I am progressive and the government should serve everyone and provide care for the most in need,” said Benjamin Siegel, manager of the Octant product, who helps finance public goods in crypto. “I don’t care about his crypto policy – and I will never vote for a candidate based solely on their cryptography policy.”
Many cryptocurrency companies prefer to have less regulation, in particular in light of the expensive Bitlicense requirements of New York State, could be concerned if Mamdani begins to criticize the industry.
“The world and our industry would be a better place if we recognize that certain things are more important than $$ increasing,” added Siegel from Octant.
However, the majority of cryptographic companies concerned with stricter regulations in New York could be afraid of a very on the left town hall candidate like Mamdani.
This is largely because Mamdani plans to make buses in New York and freezing rents for citizens.
Already, the opponent and outgoing Eric Adams is busy courting the cryptocurrency, seeing it as an opportunity to collect funds. Empower NYC, a Super CAP, collects up to $ 10 million for Adams, largely in the cryptography and bank sector.
It will be interesting to see what will be the views and positioning of Mamdani. For him, is it a good that changes the world for people?
Or does he consider it harmful to the residents of New York, although it is an epicenter of the industry? Only the time and positioning of Mamdani will really say it.
“I think it is very silent on what it means for crypto, and generally that does not mean good things,” said Art Malkov, Accelerator Techstars Accelerator advisor based in New York. “He doesn’t like it, or at the very least, did not plan to be part of his agenda.”
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