Former New York Governor Cuomo Urges Congress to Pass Crypto Regulation Bill

Former New York Governor Andrew Cuomo urged Congress to expedite passage of the CLARITY Act, warning at the SALT Conference in Jackson Hole, Wyoming that the U.S. is falling behind in the global race to regulate digital assets and that prolonged regulatory uncertainty could drive investment capital overseas. The U.S. Senate is scheduled to hold its first procedural vote on the bill on September 15, though bipartisan disagreements remain over public official ethics provisions and stablecoin compensation. Cuomo currently leads a joint venture between OKX and Intercontinental Exchange focused on building securities tokenization infrastructure.