New NYC Mayor Mamdani says he holds no crypto, will not buy Adams' memecoin

New NYC Mayor Zohran Mamdani has explicitly stated that he holds no cryptocurrency and will not consider investing in a former mayor's memecoin project. This declaration, made less than two weeks into his tenure, underscores an approach of transparency and caution towards digital assets within his administration. The cryptocurrency market has been experiencing instability due to regulatory challenges and economic uncertainties, making Mamdani's stance particularly significant. His refusal to engage in crypto investment may affect public trust and market activity in New York, highlighting the city's ongoing cautious approach to digital currencies. Furthermore, his position could influence how other municipalities and leaders perceive and regulate cryptocurrency, hinting at potential shifts in policy. This news will be closely watched for its potential impact on trader sentiment and future market directions.