Andrew Cuomo Warns Crypto Regulation Could Be Undone If Democrats Win Congress
- —Senate blocked the CLARITY Act on Sept. 15 in a 49-50 vote, short of the 60 needed
- —SEC granted a five-year exemption for tokenized stock trading on Sept. 17
- —Cuomo: "regulation is not legislation" — agency rules are vulnerable to a new Congress
- —Sen. Thom Tillis filed a motion allowing the bill to return for another vote
Why it matters: A Democratic takeover of either chamber could put SEC and CFTC crypto rules under review, adding regulatory uncertainty for the market.
Source: BeInCrypto