US Crypto Regulations Must Be Built to Outlast Elections
Former NY Gov. Andrew Cuomo warns that crypto rules lacking bipartisan backing risk being undone after future elections.
The United States cryptocurrency regulatory framework faces a serious durability problem, and former New York Governor Andrew Cuomo is sounding the alarm. Without bipartisan legislation passed through Congress, any rules put in place by the current administration could be reversed by a future one — leaving the digital asset industry in perpetual limbo.
Cuomo's argument centers on a structural vulnerability in how policy is made: executive-branch rules and agency guidance can shift dramatically depending on who controls the White House after each election cycle. For an emerging industry that requires long-term investment planning and legal certainty, that kind of regulatory whiplash represents a genuine threat to US competitiveness in the global crypto market.
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The stakes grew sharper heading into the midterms, with control of Congress potentially reshaping the legislative appetite for crypto oversight. Cuomo's call is for lawmakers on both sides of the aisle to collaborate on legislation that transcends partisan cycles — the kind of durable framework that the financial industry has long relied on for stability and that crypto, arguably, has never had.
Analysts have noted that the absence of a clear, codified federal framework has already pushed some blockchain businesses to operate from friendlier jurisdictions overseas. Bipartisan legislation would not only lock in protections for consumers and investors but would also signal to global markets that the US intends to lead — not cede ground — on digital asset governance.
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