**[Mamdani Wins New York City Mayoral Election, Industry Closely Watching His Crypto Policies]** According to a report by Jinse Finance on November 5, citing the Associated Press, 34-year-old Zohran Mamdani defeated former New York Governor Andrew Cuomo and Republican Curtis Sliwa to become the 111th Mayor of New York City. He is the first Muslim and South Asian individual to hold this position in over a century. Some of Mamdani's key campaign promises include: eliminating fares for city buses, freezing rent prices, providing universal childcare services, raising the minimum wage by 2030, and taxing large corporations and the wealthiest 1% of New Yorkers to reduce the cost of living. Critics argue that his policies will have disastrous consequences for the city's businesses. Crypto industry figures such as Gemini co-founder Tyler Winklevoss and White House AI and Crypto Czar David Sacks opposed Mamdani in the New York mayoral election, publicly supporting former New York Governor Andrew Cuomo. Although Mamdani has rarely commented publicly on cryptocurrency, the industry is now closely watching how the policies of this socialist mayor will impact digital assets.