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Cuomo urges bipartisan digital asset legislation to make US crypto rules durable

The article argues that clearer, bipartisan rules are needed so crypto oversight, including the SEC and CFTC roles, is less exposed to political shifts after midterms.

Reported · Written up by our desk · Regulation

Cointelegraph said former New York Gov. Andrew Cuomo is warning that US crypto rules could be vulnerable to political change after the midterms.

In the opinion piece, Cuomo argues that Congress should pass durable, bipartisan legislation to give the United States a clearer regulatory framework for digital assets.

The article points to the CLARITY Act as the proposed solution, saying it would establish a national structure for digital assets and clarify the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission.

Cointelegraph also frames the issue as whether the US will create rules that allow digital assets to develop in a sustained way.

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