Cuomo: US crypto rules must survive the next election
- —Cuomo said US crypto rules could be undone after the midterm elections
- —He called on Congress to pass bipartisan legislation instead of agency rules
- —US crypto oversight currently rests on SEC and CFTC initiatives
Why it matters: Without a statute, SEC and CFTC rules can be rewritten after elections, keeping regulatory uncertainty alive for the market.
Source: Cointelegraph