Andrew Cuomo Warns That Democrats Could Reverse Current Crypto Regulatory Progress If They Win Congress
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AT A GLANCE
Andrew Cuomo said that if the Democrats win control of Congress, the current progress on crypto regulation could be overturned.
Article
【Former New York State Governor: Crypto Regulatory Progress Could Be Reversed if Democrats Win Congress】
Former New York State Governor and director OKX Andrew Cuomo said that if Democrats win Congress in the midterm elections, the current regulatory progress in the crypto industry could be reversed. He said that stopgap rules established by regulators are far more fragile than legislation, emphasizing that “regulation is not legislation.”
Previously, the Senate September 15 voted to 49 votes in favor and 50 votes against to reject the CLARITY bill to establish federal rules for the crypto market, falling short of the 60-vote threshold;SEC granted a September 17-year exemption for tokenized stock trading 5 Andrew Cuomo expects the new Congress to closely scrutinize such agency rules and hopes that the lame-duck Congress or next year will pass the relevant legislation January 1 before the deadline.
Key points
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Former New York governor and OKX director Andrew Cuomo said that if Democrats win Congress in the midterm elections, the crypto industry's current regulatory progress could be reversed.
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Andrew Cuomo said that stopgap rules issued by regulators are far more vulnerable than legislation, emphasizing that “regulation is not legislation.”
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The original text states that the Senate voted September 15 to reject the 49 votes in favor and 50 votes against CLARITY the bill, falling short of the 60-vote threshold.
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The original text states that SEC in September 17 grant tokenized stock trading a 5-year exemption.
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Andrew Cuomo expects the new Congress to strictly scrutinize such institutional rules and hopes that the lame-duck Congress or next year January 1 will pass the relevant legislation.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The core of this message is Andrew Cuomo’s assessment of future political changes: rules issued by regulatory agencies may be more susceptible to review or alteration than laws formally passed by Congress. The text also lists CLARITY bill votes and SEC exemptions as background on the current regulatory situation.
Why it matters to readers
If the relevant agency rules are reviewed or overturned in the future, the regulatory requirements facing the crypto industry may change; however, the original text describes a conditional forecast, not a policy change that has already occurred.
Beginners should distinguish between “agency rules,” “congressional legislation,” and personal predictions. This article does not announce that regulatory rules have already been overturned, nor does it state that any crypto asset will rise or fall as a result.
Risks and unknowns
The information comes from a Telegram channel; the original text does not provide the primary source of Andrew Cuomo’s remarks.
CLARITY Bill votes and SEC 5 year-term exemptions were not independently verified in the provided evidence.
Whether the Democratic Party can win Congress and whether agency rules will be reviewed or overturned remain uncertain.
The original text does not specify September 15、September 17 or the specific year corresponding to “next year January 1”.
The original text does not specify what direct impact the relevant changes will have on OKX or on any specific crypto asset.
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regulatory rules
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