According to the source, Zohran Mamdani is reported to have won the New York City mayoral race, while his position on cryptocurrency remains unstated by the campaign. Official certification of results is handled by the New York City Board of Elections, so traders should await certification before pricing policy implications, per the New York City Board of Elections. New York’s virtual currency licensing and supervision are set at the state level under the NYDFS BitLicense framework rather than by the NYC mayor, per the New York State Department of Financial Services. Given that authority resides with NYDFS, direct regulatory impact on crypto exchanges and stablecoin issuers operating in New York is unlikely to change absent NYDFS action, per the New York State Department of Financial Services. Monitor for any policy signals from the NYC Mayor’s Office and regulatory notices from NYDFS for trading-relevant updates, per the NYC Mayor’s Office and the New York State Department of Financial Services.