While Mamdani has not expressed an opinion on crypto, his upcoming opponents have. Incumbent mayor Eric Adams, elected as a Democrat but running for re-election as an Independent, recently appeared at the Bitcoin Conference to reinforce his title of “bitcoin mayor” and suggest that New York City issue bitcoin-backed municipal bonds (an idea that was quickly swatted down by NYC Comptroller Brad Lander, who was also a candidate in the Democratic primary, coming in third place after cross-endorsing Mamdani) [I85]. Mamdani’s closest opponent in the primary who will now also be running as an Independent candidate in the general election, former New York governor and alleged sex pest Andrew Cuomo, advised crypto exchange OKX after resigning as governor in 2021, when the company faced criminal charges that would ultimately land them more than $500 million in penalties.2425 And the Republican contender, perennial candidate Curtis Sliwa, tweeted during his 2021 campaign that he would “make NYC the most cryptocurrency-friendly city in the nation” by allowing property taxes to be paid in crypto, installing more crypto ATMs, and encouraging businesses to accept crypto.26 (That said, he also later criticized Adams for spending too much time with “crypto profiteers”, “crypto currency pirates”, and “crypto monsters”.2728)
Tyler Winklevoss, one of the twin billionaires behind the Gemini crypto exchange who contributed millions of dollars to political campaigns in 2024, seems to be at least