{"id":2532297,"date":"2026-01-10T11:30:02","date_gmt":"2026-01-10T16:30:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-trump-advisor-declares-which-major-red-state-city-will-replace-nyc-as-financial-capitol-thanks-to-mamdani\/"},"modified":"2026-01-10T11:31:37","modified_gmt":"2026-01-10T16:31:37","slug":"major-trump-advisor-declares-which-major-red-state-city-will-replace-nyc-as-financial-capitol-thanks-to-mamdani","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/major-trump-advisor-declares-which-major-red-state-city-will-replace-nyc-as-financial-capitol-thanks-to-mamdani\/","title":{"rendered":"Major Trump Advisor Declares Which Major Red State City Will Replace NYC as Financial Capitol Thanks to Mamdani"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">36<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmajor-trump-advisor-declares-which-major-red-state-city-will-replace-nyc-as-financial-capitol-thanks-to-mamdani%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2532297&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>David Sacks,a Trump governance AI and cryptocurrency adviser,tweeted on Jan. 1, 2026 that Miami will replace New York City as the nation&#8217;s finance capital (and Austin will replace San Francisco as the tech capital), blaming a turn toward socialism. The claim echoes concerns about New York&#8217;s business climate, taxes, and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/road-rage-incident-could-undermine-radical-prosecutors-promotion-to-u-s-attorney\/\" title=\"Road Rage Incident Could Undermine Radical Prosecutor\u2019s Promotion to U.S. Attorney\">rising crime<\/a> under incoming Mayor Zohran Mamdani. Outgoing Miami Mayor Francis suarez agreed,noting firms that relocated to Miami now collectively manage over $13 trillion in assets. Sence 2020, major financial firms including JPMorgan Chase, Goldman Sachs, Blackstone, Icahn Capital, and Citadel have expanded in the Miami area; Citadel&#8217;s move was partly justified by CEO Ken Griffin citing high urban crime. The article notes Suarez was recently succeeded by Democrat Eileen Higgins, the first Democratic Miami mayor since 1998.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<p><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><\/p>\n<section> \t\t\t\t<script>console.log(\"ad slot (AC1)\")<\/script><script>console.log(\"ad slot (IC1)\")<\/script><script>console.log(\"ad slot (IC2)\")<\/script><script>console.log(\"ad slot (IC3)\")<\/script><script>console.log(\"ad slot (IC4)\")<\/script><\/p>\n<p>David Sacks, an entrepreneur and investor who currently serves as the artificial intelligence and cryptocurrency czar for the Trump administration, predicted that Miami will replace New York City as the nation&rsquo;s financial capital.<\/p>\n<p>New York City has long been home to the country&rsquo;s most important banks and financial institutions, serving as a key hub for the global economy.<\/p>\n<p>But amid a stifling business and tax environment as well as <a href=\"https:\/\/amzn.to\/3YuVZYV\" >elevated crime rates &#038;mdash<\/a>; which many believe will worsen under New York City Mayor Zohran Mamdani &mdash; some businesses have looked to expand beyond the Big Apple.<\/p>\n<p>&ldquo;As a response to socialism, Miami will replace NYC as the finance capital and Austin will replace SF as the tech capital,&rdquo; Sacks predicted on Jan. 1, the day on which Mamdani was sworn in.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As a response to socialism, Miami will replace NYC as the finance capital and Austin will replace SF as the tech capital.<\/p>\n<p>&mdash; David Sacks (@DavidSacks) <a href=\"https:\/\/twitter.com\/DavidSacks\/status\/2006797324035760347?\">January 1, 2026<\/a><\/p>\n<\/blockquote>\n<p> <script type=\"text\/javascript\"> \t\t\tif ( getCookie( \"ff_subbed\" ) ) { \t\t\t\tdocument.getElementById(\"stnvideo\").remove() \t\t\t} else { \t\t\t\tdocument.addEventListener(\"DOMContentLoaded\", function() { \t\t\t\t\tfunction loadScript(src) { \t\t\t\t\t\tconst script=document.createElement(\"script\"); \t\t\t\t\t\tscript.src=src; \t\t\t\t\t\tscript.async=true; \t\t\t\t\t\tdocument.body.appendChild(script); \t\t\t\t\t} \t\t\t\t\tfunction findPreviousParagraph(selector, x) { \t\t\t\t\t\tconst targetElement=document.querySelector(selector); \t\t\t\t\t\tif (!targetElement) { \t\t\t\t\t\t\tconsole.warn(\"Target element not found.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\t\/\/ Get all <\/p>\n<p> elements in order as they appear in the document \t\t\t\t\t\tlet paragraphs=Array.from(document.querySelectorAll(\"p\"));  \t\t\t\t\t\t\/\/ Find the index of the last <\/p>\n<p> before the target element \t\t\t\t\t\tlet targetIndex=paragraphs.findIndex(p=> p.compareDocumentPosition(targetElement) & Node.DOCUMENT_POSITION_PRECEDING);  \t\t\t\t\t\tif (targetIndex===-1 || targetIndex <x) { \t\t\t\t\t\t\tconsole.warn(\"Not enough paragraphs before the target element.\"); \t\t\t\t\t\t\treturn null; \t\t\t\t\t\t}  \t\t\t\t\t\treturn paragraphs[targetIndex - x]; \t\t\t\t\t}  \t\t\t\t\t\/\/ Set up IntersectionObserver \t\t\t\t\tfunction observeElement(element) { \t\t\t\t\t\tif (!element) return; 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either an office or a headquarters &mdash; that collectively manage over 13 trillion dollars in AUM,&rdquo; Suarez posted, referring to assets under management.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">We&rsquo;ve already moved companies to Miami &ndash; either an office or a headquarters &ndash; that collectively manage over 13 trillion dollars in AUM. <a href=\"https:\/\/t.co\/tfRsiywF0P\">https:\/\/t.co\/tfRsiywF0P<\/a><\/p>\n<p>&mdash; Francis X. Suarez (@FrancisSuarez) <a href=\"https:\/\/twitter.com\/FrancisSuarez\/status\/2006827145914716528?\">January 1, 2026<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since 2020, <a href=\"https:\/\/www.investmentnews.com\/opinion\/wall-street-south-beckons-financial-services-firms\/247578#:~:text=This%20impressive%20ranking%20reinforces%20what%20we're%20seeing,Citadel%20have%20all%20relocated%20offices%20to%20Miami.\" target=\"_blank\" rel=\"noopener\">companies<\/a> like JPMorgan Chase, Goldman Sachs, Blackstone, and Icahn Capital Management have expanded their footprints in Miami.<\/p>\n<p>Citadel, the investment firm owned by Ken Griffin, moved their headquarters to the Miami area in recent years as well.<\/p>\n<p>Griffin previously pointed to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/donald-trump-ends-negotiations-with-nancy-pelosi-on-coronavirus-relief\/\" title=\"Donald Trump Ends Negotiations with Nancy Pelosi on Coronavirus Relief\">high crime<\/a> and an <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shark-tanks-mr-wonderful-says-hes-done-with-new-york-after-trump-ruling\/\" title=\"Mr. Wonderful&#039; from &#039;Shark Tank&#039; quits New York over Trump decision\">unfriendly business climate<\/a> as motives for the transition.<\/p>\n<p>&ldquo;I&rsquo;ve lived in a failed city-state. I lived in Chicago for 30-some years. I had two colleagues who had bullets fly through their cars,&rdquo; Griffin told <a href=\"https:\/\/www.foxbusiness.com\/media\/ken-griffin-reveals-25-bullet-holes-chicago-building-drove-citadel-move-miami\" target=\"_blank\" rel=\"noopener\">Fox News<\/a> in November.<\/p>\n<p>&ldquo;I had 25 bullet holes in the front of my building where I lived. You can&rsquo;t live in a city awash [with] violent crime,&rdquo; he added.<\/p>\n<p>Citadel manages roughly $65 billion in assets.<\/p>\n<p>While many financial businesses have indeed moved to Miami in recent years, Suarez was replaced last month by <a href=\"https:\/\/www.westernjournal.com\/democrat-notches-partys-first-win-decades-major-red-state-mayors-race\/\" target=\"_blank\" rel=\"noopener\">Eileen Higgins<\/a>, the first Democrat to win election as mayor of Miami since 1998.<\/p>\n<p>The campaign victory came amid broader off-year election wins for Democrats.<\/p>\n<div style=\"position: relative;\">\n<div class=\"ff-fancy-header-container\"> \t\t\t \t<\/div>\n<div class=\"entry-submit-correction inner-content\">\n<div class=\"correction-form\">\n<form style=\"display: none;\">\n<div class=\"sc-name-field\"> \t\t\t\t\t\t<label>* Name<\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"name\" required> \t\t\t\t\t<\/div>\n<div class=\"sc--field\"> \t\t\t\t\t\t<label>* <\/label> \t\t\t\t\t\t<br \/> \t\t\t\t\t\t<input type=\"text\" name=\"\" required> \t\t\t\t\t<\/div>\n<p> \t\t\t\t\t<label>* Message<\/label> \t\t\t\t\t<br \/> \t\t\t\t\t<textarea name=\"message\" required><\/textarea> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"required-message\" style=\"display: none; padding-bottom: 15px;\">* All fields are required.<\/div>\n<p> \t\t\t\t\t<input type=\"submit\" value=\"Submit\" onclick=\"event.preventDefault(); firefly_sc();\"> \t\t\t\t\t \t\t\t\t\t<\/p>\n<div class=\"firefly-sc-confirm\" style=\"display: none;\">Success!<\/div>\n<\/p><\/form>\n<\/p><\/div>\n<\/p><\/div>\n<p> \t\t<script> \t\t\tfunction firefly_sc() { \t\t\t\tif( typeof window.captchaPublicKey==typeof undefined ){ \t\t\t\t\tconsole.error('window.captchaPublicKey is not defined'); \t\t\t\t} \t\t\t\tgrecaptcha.execute( window.captchaPublicKey, { action: 'submit_correction' } ).then( function( token ) { \t\t\t\t\tvar opts={ \t\t\t\t\t\taction:    'firefly_sc_submit', \t\t\t\t\t\tname:      document.querySelector( '.entry-submit-correction [name=\"name\"]' ).value, \t\t\t\t\t\t:     document.querySelector( '.entry-submit-correction [name=\"\"]' ).value, \t\t\t\t\t\tmessage:   document.querySelector( '.entry-submit-correction [name=\"message\"]' ).value, \t\t\t\t\t\tpost_id:   firefly_post_id, \t\t\t\t\t\tcap_token: token \t\t\t\t\t}  \t\t\t\t\tvar inputs=[ 'name', '', 'message' ];  \t\t\t\t\tfor( var i=0; i <inputs.length; i++ ) if( ! 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