INSUBCONTINENT EXCLUSIVE:
Zohran Mamdani, the Democratic Party candidate for New York City mayor, will be facing a field of candidates in November, including those
who have previously taken firm positions on crypto and blockchain.On Tuesday, Mamdani defeated former New York Governor Andrew Cuomo with
The victory will put the New York State Assembly member in competition with Republican candidate Curtis Sliwa, current NYC Mayor Eric Adams,
and Cuomo, who reportedly will be running as an independent candidate following the primary loss.With the exception of Mamdani, all major
would accept his first three paychecks in Bitcoin (BTC)
He has gone on to speak at crypto conferences, propose BTC-backed municipal bonds and hold a digital asset summit at the mayoral
His platform included plans to open more crypto ATMs in New York City and incentivize local businesses to accept digital assets.Related: NYC
cops linked to crypto torture case put on modified duties: ReportMeanwhile, Cuomo reportedly advised cryptocurrency exchange OKX in 2021 as
US authorities were probing the company for operating an unlicensed money-transmitting business
The exchange ended up paying $505 million in fines and penalties
Mamdani has publicly criticized Cuomo's involvement with the exchange
significant figures in the crypto industry, including Gemini co-founder Cameron Winklevoss
event in New York City, called on New Yorkers to oppose Mamdani.Source: Cameron WinklevossHedge fund manager Bill Ackman, with a reported
net worth of more than $9 billion, also suggested that he would back any candidate with a chance of defeating Mamdani in the general
As one of the biggest business centers in the United States, the city is the headquarters of several crypto firms, including stablecoin
Services has required businesses offering crypto-related services and products to apply for a BitLicense since 2015
