Former New York Governor Andrew Cuomo is rallying for urgent crypto regulation, warning that the U.S. risks falling behind as global markets like the EU move forward with clear frameworks. He’s pushing Congress to pass the Clarity Act, arguing that without it, shifting political regulations will stifle innovation and drive investment overseas. Cuomo highlights bipartisan hurdles — including ethics and stablecoin provisions — but insists clarity is non-negotiable for businesses to thrive. With his own crypto-finance venture, he sees promise in tokenized assets but acknowledges the industry’s trust deficit. He’s calling on both parties to compromise before the Senate’s break, warning that inaction will leave the U.S. scrambling under a patchwork of inconsistent rules.
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