The election of Zohran Mamdani as mayor of New York City sent ripples through the cryptocurrency and blockchain communities, raising questions about the future of the city’s digital-asset ecosystem.

With Mamdani securing victory on November 4, 2025, defeating Andrew Cuomo and Curtis Sliwa, the crypto sector is weighing both uncertainty and opportunity in equal measure. This is a major concern for the crypto community, considering that New York is one of the wealthiest cities in the world.

Crypto Community Weighs The Upside And Risks

Although Mamdani is neither a vocal advocate for cryptocurrencies nor an outright adversary, his record suggests tighter oversight rather than unbridled growth. Prior to the election, he supported measures such as a moratorium on proof-of-work crypto mining

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