Billionaire slams Zohran Mamdani's chances in New York City race
Billionaire slams Zohran Mamdani's chances in New York City race originally appeared on TheStreet.
While the young Indian-American politician Zohran Kwame Mamdani, whose Bollywood-style election campaign went viral, won the Democratic primary for the New York City mayoral election, a leading crypto entrepreneur isn't sure of him winning the final race.
On June 24, crypto billionaire Cameron Winklevoss wrote on X that while Mamdani generated primary buzz among the "TikTok crowd," he doubts New Yorkers will elect him during the general election in November.
Cameron and Tyler Winklevoss are identical twin brothers who co-founded the Gemini cryptocurrency exchange in 2014. It is among the largest crypto exchanges in the world, turning the Winklevoss brothers into among the world's first Bitcoin billionaires.Since there is widespread crypto adoption in New York City, the Democratic mayoral primary was closely watched by the crypto community.
The current mayor of New York, Eric Adams, is a strong Bitcoin advocate. In a recent conversation with TheStreet Roundtable host Scott Melker, Adams said he is considering creating a Bitcoin-based investment vehicle for New Yorkers.
On the other hand, Mamdani criticized his primary adversary, Andrew Cuomo, for advising the crypto exchange OKX that "broke US law."Cuomo is a veteran Democratic politician who served as the 56th governor of New York from 2011 to 2021. Bloomberg reported on April 2 that OKX hired Cuomo to counsel the crypto exchange while there was a federal probe going on against it for alleged anti-money laundering (AML) violations.
The New York mayoral election in November holds immense importance as it can potentially pivot crypto policy in an altogether different direction in the city.
Billionaire slams Zohran Mamdani's chances in New York City race first appeared on TheStreet on Jun 25, 2025
This story was originally reported by TheStreet on Jun 25, 2025, where it first appeared.
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