Mamdani wins the New York City mayoral election, and the industry closely follows his encryption policy.

[Mamdani Wins New York City Mayoral Election, Industry Closely Follows His Encryption Policy] On November 5, the Associated Press reported that 34-year-old Zohran Mamdani defeated former New York State Governor Andrew Cuomo and Republican Curtis Sliwa to successfully become the 111th Mayor of New York City, making him the first Muslim and South Asian person to hold this position in over a century. Some of Mamdani's key campaign promises include: eliminating fares for city buses, freezing rent, providing universal childcare services, raising the minimum wage by 2030, and taxing large companies and the wealthiest 1% of New Yorkers to drop the cost of living. Critics claim that his policies will have disastrous consequences for the city's businesses. Figures in the Crypto Assets industry, such as CEX co-founder Tyler Winklevoss and White House AI and Crypto Czar David Sacks, opposed Mamdani in the New York City mayoral election, openly supporting former New York State Governor Andrew Cuomo. Although Mamdani has rarely commented publicly on Crypto Assets, the industry is now closely watching how this socialist mayor's policies will impact digital assets.