🚨How Zohran Mamdani’s victory impacts New York’s crypto future💥🎉
With Mamdani’s win as New York City mayor-elect, the city’s crypto landscape hits a crossroads. On one hand, he brings a consumer-protection and redistribution agenda — 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 crypto’s original decentralised ethos: empowering individuals over incumbents — Mamdani even gained traction by challenging elite financial power.
For the city’s crypto ecosystem that thrives on talent, capital and innovation, the message is clear: adaptation will be key.