Cuomo Says CLARITY Act Key to U.S. Crypto Competitiveness
Former New York governor warns U.S. is falling behind without crypto regulation clarity.
Former New York Gov. Andrew Cuomo said the United States is falling behind on cryptocurrency rules and argued that a proposed bill, the CLARITY Act, must pass to help connect digital assets with traditional financial markets.
Cuomo, who served as New York's governor until 2021, described the legislation as essential for the country to remain competitive in the evolving crypto sector.
Linking crypto and traditional finance
According to Cuomo, the CLARITY Act would play a key role in integrating cryptocurrency markets with the broader financial system, a step he considers necessary for the industry's growth and legitimacy.
The comments add to a broader debate among U.S. policymakers over how to regulate digital assets, with some industry participants calling for clearer rules to avoid pushing innovation overseas.