Former New York Governor Andrew Cuomo said the crypto industry needs to balance its support between Democrats and Republicans if it wants federal crypto legislation to pass. According to Cuomo, the sector has leaned too heavily toward Republicans, a stance he said has alienated Democrats and could slow the legislative process. The comments point to the political dynamics surrounding crypto policy in Washington, where support from both parties may be necessary for a bill to advance. The report was cited by Techub News, with Cointelegraph named as the source.
Former New York Governor Andrew Cuomo said the crypto industry needs more balanced support for both Democrats and Republicans if it wants federal crypto legislation to pass.
Cuomo said the industry’s outsized support for Republicans has alienated Democrats, which could hinder the legislative process.
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