Cuomo urges crypto industry to back both parties to pass federal rules

Andrew Cuomo has some advice for the crypto industry. If it wants a federal law on the books, it needs friends on both sides of the aisle. The former New York governor urged digital asset companies to balance their political support between Democrats and Republicans. His argument is that crypto legislation only passes, and only lasts, when both parties have a stake in it. What Cuomo is asking for Cuomo’s pitch centers on durability. He wants a regulatory framework that holds up regardless of which party controls Congress or the White House. He warned against leaning on agency actions to set the rules. In his view, guidance and enforcement priorities from regulators can flip quickly after an election, leaving the sector exposed to sudden policy reversals. His remarks are tied to the stalled CLARITY Act. That bill aims to spell out which federal regulator oversees which digital assets, dividing authority between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The CLARITY Act’s long Senate detour The House passed the CLARITY Act in 2025. Then it hit the Senate, where things slowed considerably. Bipartisan disagreements have kept senato...