‘It has to pass’: Andrew Cuomo warns U.S. is falling behind on crypto rules

Andrew Cuomo said U.S. crypto legislation “has to pass,” warning that the country is falling behind in establishing rules for the digital-asset sector, according to CoinDesk. His comments add to continued pressure for federal policymakers to address regulation of cryptocurrencies and related businesses.

The United States has yet to adopt a single comprehensive federal framework for crypto markets. Regulatory oversight is divided among agencies, while lawmakers have debated how to set rules for areas including market structure, consumer protections and the treatment of digital-asset firms.

Clearer rules are widely viewed as important for companies operating in crypto as well as for users and investors seeking greater certainty. Cuomo’s remarks frame the issue as one of U.S. competitiveness, arguing that legislative action is needed rather than further delay.

The report did not specify the particular bill Cuomo was referring to. His message nevertheless reflects a broader policy debate over whether Congress should establish nationwide standards for an industry that has developed faster than many existing financial regulations.