National cryptocurrency industry groups had lobbied Gov. Kathy Hochul to veto the environmental ban, fearful that other states could follow New York’s lead.
The New York City mayor focuses relentlessly on crime, and critics say he lent legitimacy to Republicans who played up the issue in their midterms campaigns.
Representatives Hakeem Jeffries of New York, Katherine Clark of Massachusetts and Pete Aguilar of California are widely expected to seek the top three positions. Ms. Clark has declared her intentions to seek the No. 2 job.
Mr. Jeffries of New York, Katherine Clark of Massachusetts and Pete Aguilar of California are seeking the top three positions after Speaker Nancy Pelosi said she would not pursue a leadership role.