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The Democratic Party's consecutive victories in state elections attract attention, and Zohran Mamdani plans to tighten encryption regulation.
Wu reported that in the U.S. gubernatorial elections on November 4, 2025, Abigail Spanberger (Democrat) defeated Winsome Earle-Sears (Republican) and was elected as Virginia's first female governor. On the same day, Mikie Sherrill (Democrat) defeated Jack Ciattarelli (Republican) and was elected governor of New Jersey. Previously, Democratic candidate Zohran Mamdani was elected mayor of New York City. Among the three, Zohran Mamdani had explicitly criticized his opponent (former mayor Andrew Cuomo) for having close ties to the encryption industry and stated that if elected, he would implement “stricter regulations” on encryption assets. The latest state election results show that the Democrats won in key states, and outside observers believe this could indicate that the Republicans might lose congressional control in 2026, which would further affect the policies promoted by the Trump administration.