Cuomo Calls for Bipartisan Crypto Law to Stabilize U.S. Regulation

Former New York Governor Andrew Cuomo has called for bipartisan digital asset legislation in the U.S. to ensure stability in crypto regulation regardless of political changes. He warned that current crypto rules rely too heavily on administrative actions by federal agencies rather than congressional legislation, making them vulnerable to shifts in political power.

Cuomo highlighted the failure of the Clarity Act, which passed the House in 2025 but stalled in the Senate, leaving a regulatory vacuum. He argued that the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) are reshaping market structure through separate regulatory regimes, which could create short-term opportunities but lack long-term durability.

He emphasized the political risks, noting that agency actions could be constrained if Congress shifts control after the midterm elections. Cuomo cited his experience at the Department of Housing and Urban Development, where Republican control led to intensified oversight and budget pressures, suggesting similar challenges for crypto regulation.

From a market perspective, Cuomo stressed that uncertainty is the biggest problem, comparing the U.S. approach to more predictable frameworks in the European Union and Singapore. He urged the next Congress to prioritize bipartisan legislation to provide clear standards and stability for businesses and investors.