Andrew Cuomo Urges Congress to Pass Bipartisan Digital Asset Legislation to Stabilize U.S. Crypto Rules
Former New York Governor Andrew Cuomo is advocating for Congress to swiftly enact bipartisan digital asset legislation. This call comes after the Senate failed to advance the CLARITY Act in September, a bill aimed at establishing a nationwide regulatory framework for digital assets and clarifying the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Cuomo argues that the current U.S. cryptocurrency regulatory landscape is overly reliant on administrative actions by federal agencies, making it vulnerable to political shifts and changes in administration. He emphasizes that this uncertainty negatively impacts companies, investors, and consumers. Cuomo, who is a board member of OKX and co-chair of OKXICE, a joint venture between OKX and Intercontinental Exchange, views his advocacy as part of a broader industry push for congressional legislation over regulator-led systems. He believes that a legislative approach would provide greater stability and predi...
