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

Less than two weeks into office, Zohran Mamdani said ”no” when questioned whether he held any crypto or planned to invest in a former New York City mayor’s memecoin project.

New York City Mayor Zohran Mamdani said Monday that he does not own cryptocurrency and has no plans to invest in digital assets, distancing himself from crypto-related initiatives promoted by his predecessor.

Speaking to the press at Samson Stages, Mamdani responded “no” when asked whether he held any cryptocurrency, adding that he also had no interest in buying the NYC Token launched earlier this week by former mayor Eric Adams.

Adams launched a new memecoin, the NYC Token, on Monday in his first major public move since leaving office. He said proceeds from the token would support education initiatives and other social causes. However, the token faced “rug pull” allegations after unverified reports that the team intentionally removed liquidity, causing investors to lose millions of dollars. The details were not publicly known at the time of Mamdani’s remarks.

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