Cuomo Warns Crypto Rule Progress Could Be Undone If Democrats Win Congress

Cuomo's warning cuts to the structural weakness in how US crypto policy is currently being made: agency exemptions and rulemaking can be reversed by a new administration or a hostile Congress, while a statute cannot. That fragility now sits alongside the Senate's failure to advance the CLARITY Act, meaning the industry's near-term operating environment rests on executive-branch discretion rather than durable law. The open question is whether lawmakers can convert any of this into legislation during the lame-duck window, or whether tokenized-equity and similar permissions remain exposed to the next electoral shift.