{"id":209854,"date":"2026-08-06T21:46:18","date_gmt":"2026-08-06T21:46:18","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=209854"},"modified":"2026-08-06T21:46:18","modified_gmt":"2026-08-06T21:46:18","slug":"we-need-clarity-says-former-new-york-governor-andrew-cuomo","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=209854","title":{"rendered":"\u201cWe Need Clarity,\u201d Says Former New York Governor Andrew Cuomo"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

\u201cWe Need Clarity,\u201d Says Former New York Governor Andrew Cuomo<\/a><\/p>\n

<\/div>\n

Ex-governor of New York and Democrat Andrew Cuomo has said lawmakers need to hurry up and get the \u201chighly political\u201d Clarity Act over the line.\u00a0<\/p>\n

Cuomo, who is also the director of crypto exchange OKX, said that Democrats and Republicans were mainly locking horns over the ethics language in the bill.\u00a0<\/p>\n

A number of lawmakers are hoping the Clarity Act<\/a> \u2014 which would set in stone crypto regulation in the U.S. \u2014 gets passed before Congress departs for August recess. The bill was passed by the House of Representatives last year but sticking points remain.\u00a0<\/p>\n

\u201cWe need clarity,\u201d Cuomo said<\/a> Thursday on CNBC\u2019s Squawk Box. \u201cTell me the rules \u2014 I want to play the game fairly, but you have to tell me the boundaries, and that\u2019s what the Clarity Act is all about.\u201d<\/p>\n

\n

JUST IN: Former Governor of New York Andrew Cuomo says he thinks the Senate will resolve the Clarity Act ethics issues and pass the bill <\/p>\n

“We need Clarity\u2026the world is passing us by” <\/p>\n

Pass it pic.twitter.com\/oW40FdqHFr<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) August 6, 2026<\/a>\n<\/p><\/div>\n

Cuomo added that Democrats wanted to \u201craise in the campaign\u201d the issue of the Trump family making money in crypto \u2014 and so were continuing to bring up the issue of ethics.\u00a0<\/p>\n

A new draft of the Clarity Act started circulating that tackled the issue of ethics, banning government officials from promoting or making money from crypto.\u00a0<\/p>\n

Some Democrats have criticized President Trump\u2019s crypto business interests, with some alleging conflicts of interest as his family has made money from meme coins and the decentralized finance protocol, World Liberty Financial. The White House has always said there have been no conflicts of interest.<\/p>\n

New language has been drafted, bipartisanly, adding changes to the ethics section of the bill. The White House is reportedly looking over it this week.\u00a0<\/p>\n

Cuomo continued: \u201cI think Democrats have to be a little careful because you want to talk about conflicts of interest, meanwhile you have Democrats who are buying stocks and they have inside information also.\u201d<\/p>\n

He warned: \u201cAnd again, the world is passing us by. OKX, we\u2019re doing gangbusters in Europe, and they\u2019re passing regulations, and the technology is flourishing.\u201d<\/p>\n

\u201cWhen you pass the regulations, and you allow innovation to develop, it takes off, and that\u2019s what\u2019s happening around the world, and it\u2019s not happening here in the U.S. because of the Clarity Act,\u201d he added.\u00a0<\/p>\n

This post \u201cWe Need Clarity,\u201d Says Former New York Governor Andrew Cuomo<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Mathew Di Salvo<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine \u201cWe Need Clarity,\u201d Says Former New York Governor Andrew Cuomo Ex-governor of New York and Democrat Andrew Cuomo has said lawmakers need to hurry up and get the \u201chighly political\u201d Clarity Act over the line.\u00a0 Cuomo, who is also the director of crypto exchange OKX, said that Democrats and Republicans were mainly locking […]<\/p>\n","protected":false},"author":0,"featured_media":209855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-209854","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/209854"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=209854"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/209854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/209855"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=209854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=209854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=209854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}