Cuomo Urges Congress to Pass CLARITY Act Ahead of Senate Vote

Former New York Governor Andrew Cuomo has urged Congress to advance the CLARITY Act, arguing that clearer federal rules are needed to strengthen U.S. competitiveness in digital assets. The legislation would establish clearer roles for the SEC and CFTC while addressing the regulatory uncertainty facing crypto businesses. The Senate is expected to consider the bill on September 15, although negotiations over ethics, enforcement, stablecoin rewards, and investor protections could still affect its progress.