Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Democratic Socialist Mamdani's Ambitious Proposals Divide New York Amid Shifting Political Landscape

Democratic Socialist Mamdani's Ambitious Proposals Divide New York Amid Shifting Political Landscape

Bitget-RWA2025/11/06 09:02
By:Bitget-RWA

- Zohran Mamdani, a 34-year-old Democratic socialist, leads polls to become NYC's first Muslim mayor with progressive policies targeting wealth taxes and social services. - His campaign challenges Democratic establishment norms, uniting younger/immigrant voters while polarizing moderates and Jewish communities over governance approaches. - Funded by 1% wealth tax proposals and $13M from 40K small donors, Mamdani's grassroots model contrasts with Cuomo's traditional fundraising and party endorsements. - Tru

Zohran Mamdani, a 34-year-old Democratic socialist and current member of the New York State Assembly, is poised to become the city’s first Muslim mayor, with recent polls indicating a strong lead ahead of the November 4 election. His campaign, which has featured ambitious promises such as imposing higher taxes on the wealthy, implementing a rent freeze, and expanding social programs, has galvanized support among younger voters and immigrant communities, while also causing concern among moderates and Jewish residents. Mamdani’s ascent has disrupted the city’s usual political landscape, challenging the Democratic Party’s traditional leadership and making him a divisive figure in a city facing challenges around affordability and governance, according to a

.

As the son of renowned filmmaker Mira Nair, best known for Monsoon Wedding, Mamdani’s background combines international artistic influence with local activism. His primary victory over former Governor Andrew Cuomo—who had the backing of party leaders—signaled a generational change in New York’s political scene. Since then, Mamdani has steered a campaign that merges steadfast progressive ideals with practical concessions, such as keeping NYPD Commissioner Jessica Tisch and endorsing new jail facilities, in an effort to broaden his base, the Politico report stated.

Democratic Socialist Mamdani's Ambitious Proposals Divide New York Amid Shifting Political Landscape image 0

Mamdani’s agenda, which would be financed by a 1% levy on the city’s richest residents, proposes universal childcare, fare-free public transportation, and city-operated grocery stores. These ideas have been met with both enthusiasm and doubt. Supporters commend his emphasis on fairness, while detractors question the financial practicality of his plans. “He’s the least scrutinized candidate for office since George Santos,” said a spokesperson for Cuomo’s campaign, although Mamdani’s team has pointed to Cuomo’s own history of controversies, the Politico article noted.

This election has gained national attention, with President Donald Trump threatening to cut federal funding and even send in the National Guard if Mamdani prevails. In response, Mamdani has pledged to oppose what he calls Trump’s “authoritarianism,” while also expressing willingness to work together on economic matters. This situation highlights a larger ideological battle between progressive city leadership and Trump’s brand of populist conservatism, the Politico report observed.

Mamdani’s approach to campaigning—featuring late-night visits to bars, marches across the Brooklyn Bridge, and passionate public addresses—has attracted a broad and diverse following. Surveys show him with commanding leads among Asian, Latino, and younger voters, though he lags with Jewish and older populations. His outspoken criticism of Israel, including demands for the arrest of Prime Minister Benjamin Netanyahu on alleged war crimes, has deepened divisions. Still, some experts believe this position resonates with a segment of Jewish voters increasingly critical of Netanyahu’s actions in Gaza, according to a

.

The financial dynamics of the campaign highlight Mamdani’s grassroots strength. Although Cuomo raised more from private donors, Mamdani’s $13 million campaign fund—sourced mainly from 40,000 small contributors through New York’s public financing system—reflects a move toward more decentralized fundraising. This approach, supported by the city’s Matching Funds Programme, has enabled Mamdani to sidestep traditional donor circles, the Yahoo tracker reported.

With the election approaching, Mamdani must turn his momentum into a winning majority. Early voting has already begun, and with polls suggesting he may not secure more than half the vote, he could need the Working Families Party’s fusion ballot line to clinch victory. His campaign’s momentum has also sparked talk of a wider shift within the Democratic Party, with some drawing parallels to Barack Obama’s 2008 run as a catalyst for generational change, according to an

.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

XRP News Today: Mastercard’s Blockchain Initiative: Regulated Networks Set to Transform International Payments

- Mastercard explores $1.5B-$2B acquisition of MiCAR-licensed crypto infrastructure firm Zerohash to expand Web3 capabilities. - Partners with Ripple to pilot RLUSD stablecoin for credit card settlements on XRP Ledger, enabling instant cross-border transactions. - Zerohash's regulatory compliance and $1B valuation align with Mastercard's strategy to bridge traditional finance and blockchain infrastructure. - RLUSD's NYDFS-backed growth and XRP Ledger integration could reshape global payments while reinforc

Bitget-RWA2025/11/06 12:50

DoorDash Shares Drop 10% as Focus on Growth Reinvestment Outweighs Earnings Outperformance

- DoorDash's stock fell over 10% post-earnings despite $3.45B revenue beat, driven by 25% GOV growth and 21% order increase. - Management signaled $300M+ 2026 AI/tool investments and revised Deliveroo's EBITDA contribution down by $32-40M due to accounting changes. - Analysts cut price targets (Wells Fargo to $239) as $754M adjusted EBITDA (up 41%) was overshadowed by reinvestment concerns despite $723M free cash flow. - 42% YTD gains amplified sell-off sensitivity, with 31 analysts retaining "Moderate Buy

Bitget-RWA2025/11/06 12:50
DoorDash Shares Drop 10% as Focus on Growth Reinvestment Outweighs Earnings Outperformance

Savers Confront a Choice: Lock in Safe 5% Returns or Chase DeFi's Tempting 12%

- Fed rate cuts in 2025 spurred high-yield savings accounts offering up to 5.00% APY, outpacing traditional banks' 0.40% average. - DeFi platforms like ZEROBASE and Maple Finance offer 12-7% APY on stablecoins, but require higher risk tolerance and short liquidity periods. - Banks may reduce APYs if further Fed cuts occur, while FDIC-insured high-yield accounts remain popular for inflation protection. - Alternative assets like Bitcoin and dividend stocks (e.g., Viper Energy's 3.49% yield) show growing comp

Bitget-RWA2025/11/06 12:28
Savers Confront a Choice: Lock in Safe 5% Returns or Chase DeFi's Tempting 12%

Bitcoin News Update: Institutions Remain Wary as Retail Investors Drive Crypto Innovation—The Battle for Dominance Escalates

- Bitcoin fluctuates near $110,000 amid ETF outflows and revised institutional price targets, with long-term holders creating resistance through strategic BTC distributions. - Ethereum and XRP show resilience with ETF inflows and whale activity, while emerging projects like Remittix ($27.8M raised) and Noomez gain traction through innovative tokenomics. - Analysts remain divided: some see $120,000 potential if Bitcoin breaks key averages, while others warn of $72,000 corrections amid macroeconomic uncertai

Bitget-RWA2025/11/06 12:14
Bitcoin News Update: Institutions Remain Wary as Retail Investors Drive Crypto Innovation—The Battle for Dominance Escalates