Socialist Zohran Mamdani may become a New York mayor. Why does crypto X push against him?

Key Points

1. Zohran Mamdani's platform includes initiatives like freezing rent, creating city-owned affordable grocery stores, and providing free bus services to address NYC's cost-of-living crisis.

2. Mamdani has called for tighter cryptocurrency regulations in New York, contrasting with pro-crypto opponents like Republican candidate Curtis Sliwa, who supports expanding Bitcoin ATM infrastructure and crypto payments.

3. Crypto X (Twitter) criticizes Mamdani for his socialist policies, opposition to billionaires, and lack of support for cryptocurrency, with some accusing him of hypocrisy due to his affluent background.

4. Mamdani's critics in the crypto space, including figures like Tyler Winklevoss, argue that his policies could harm NYC's crypto industry, which includes major companies like Gemini and Circle.

5. Despite criticism, Mamdani has gained traction among young, Asian, and Latinx voters, becoming a leading Democratic candidate in the NYC mayoral race.