What Mamdani’s Approach Could Mean for Crypto in NYC

[nihalsari]

Unlike Adams—who famously took his first mayoral paychecks in Bitcoin—Mamdani ran on affordability and consumer protection. As a state assembly member, he supported stronger oversight of stablecoin issuers, and he has avoided making crypto a centerpiece of his agenda.

His election faced pushback from parts of the crypto industry, including figures like Tyler Winklevoss. Now in office, Mamdani has promised a “different path” focused on safety and affordability, leaving open the question of whether New York will continue to court crypto innovation—or take a more restrained, consumer-first approach.

[cryptobro]

nyc going from “bitcoin paychecks” to consumer-first vibes is a wild swing