đšHow Zohran Mamdaniâs victory impacts New Yorkâs crypto futuređ„đ
With Mamdaniâs win as New York City mayor-elect, the cityâs crypto landscape hits a crossroads. On one hand, he brings a consumer-protection and redistribution agenda â which may mean stronger oversight, higher taxes for crypto holders and start-ups, and less tolerance for unchecked speculation. On the other hand, some in Web3 see resonance with cryptoâs original decentralised ethos: empowering individuals over incumbents â Mamdani even gained traction by challenging elite financial power.
For the cityâs crypto ecosystem that thrives on talent, capital and innovation, the message is clear: adaptation will be key.