Cuomo: Crypto's heavy backing of Republicans alienated Democrats
- —Cuomo called on the crypto industry to back both parties to pass federal legislation
- —He said one-sided support for Republicans alienated Democrats
- —The remarks concern the outlook for federal crypto regulation in the US
Why it matters: Cuomo's stance highlights the partisan deadlock over crypto legislation in the US, where political imbalance is slowing rulemaking.
Source: Cointelegraph