US crypto rules need to survive the next election
Summary
Andrew M. Cuomo argues that Congress should pass bipartisan digital-asset market-structure legislation after the CLARITY Act stalled in the Senate. He says SEC and CFTC rules adopted without a congressional statute may create near-term opportunities but lack durability and could be disrupted by a change in political control. A future Congress could challenge agency rules through oversight, funding, legislation or the Congressional Review Act. Cuomo says regulatory uncertainty harms US businesses, investors and consumers, while jurisdictions such as the EU and Singapore offer clearer frameworks. He urges lawmakers to establish durable rules that support innovation while protecting consumers and market integrity.
