Former Governor Warns US Crypto Regulations Need Bipartisan Stability

The United States still struggles to establish a unified regulatory framework for digital assets, according to an opinion piece by former New York Gov. Andrew M. Cuomo. The lack of clear policies is creating uncertainty for builders, investors, and consumers in the crypto space. Cuomo highlights the proposed CLARITY Act, which passed the House in 2025 but has not been sent to the president, as a key effort to define the roles of agencies like the SEC and CFTC in overseeing the market.

With Congress failing to advance the bill, Cuomo argues that federal agencies have resorted to new rules using existing authority. While this approach may offer short-term solutions, he warns that it lacks the durability of a law passed by Congress. The risk, he notes, is that these rules could be reversed or politically constrained, especially with potential shifts in congressional control.

Cuomo emphasizes the need for bipartisan digital-asset legislation to reduce ambiguity and provide regulatory certainty. He points to other jurisdictions, such as Europe’s MiCA and Singapore’s Payment Services Act, as examples of clearer regulatory frameworks. He urges the next Congress to prioritize passing such legislation to allow companies to invest with greater confidence.

The immediate challenge is whether Congress will revive the CLARITY Act or pursue alternative bipartisan legislation before election-driven political shifts alter the trajectory of existing agency rules. For market participants, the key variable to watch is whether Congress treats those rules as settled policy or as something that can be reopened.