Zohran Mamdani Wins, What’s the Fate of New York and the Crypto World?
Jakarta, Pintu News – On November 4, Democratic Zohran Mamdani successfully won the New York City Mayoral election, defeating former New York Governor Andrew Cuomo and GOP favorite Curtis Sliwa. This victory caught the attention of the crypto community who gave a wide range of reactions through the X platform, ranging from support to indifference. Read the full news here!
Mamdani’s victory
Zohran Mamdani, aged 34, has captured the hearts of young voters by following in the footsteps of Vermont’s Bernie Sanders. As the first Muslim to lead a city office, Mamdani brings a breath of fresh air to New York politics. According to the New York Times, Mamdani managed to win votes in areas with a median age of 45 and under, outperforming Cuomo by 30 percentage points.
Mamdani also visited districts with a high percentage of votes for Donald Trump in the 2024 Presidential election, such as Queens and the Bronx, to understand why residents voted for Trump. The cost of living and affordability are central to Mamdani’s platform. Her viral political videos on TikTok and Instagram, including a video of her walking through Manhattan, helped boost her popularity.
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Crypto Community Reaction
Although Mamdani is not well-known as a crypto advocate or opponent, his victory received great attention from the crypto community. Austin Campbell of the Aleo Foundation and founder of Zero Knowledge Group compared Mamdani to President Trump, who both used social media to appeal to voters dissatisfied with the status quo.
On the other hand, figures like ProCap CEO Anthony Pompliano and Wolf of All Streets podcast host Scott Melker showed a calmer attitude. Pompliano criticized socialism but emphasized that New York will remain a city full of ambition and opportunity. Melker added that mayors come and go, and New York will still be fine.
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Mamdani and Crypto
Mamdani has advocated for stricter regulation of crypto in New York by 2023, stating that small investors from low-income groups suffer the most when crypto companies collapse.
Currently, there are two crypto bills being processed in the city. A7788 which allows residents to pay legal fees and fines in crypto, and A8966 which aims to increase crypto transaction taxes.
Conclusion
Given the challenges and opportunities, Mamdani’s leadership of New York City will be a highlight, not only for the city’s residents but also for the global crypto market. How Mamdani will manage the city remains a question that will be answered over time.
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Reference
- Crypto News. New York Will Be Fine: Crypto Reacts to Mamdani Victory. Accessed on November 7, 2025
- Featured Image: WIRED
