Crypto backers eye New York City mayoral race as next battleground

Zohran Mamdani defeated Andrew Cuomo in the Democratic primary for New York City’s mayoral election, but he’ll be competing in a field where digital assets could be an issue.

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 43.5% of the vote in New York City’s Democratic primary. 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 candidates have previously held positions favoring the cryptocurrency industry. 

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