Former New York governor and director of crypto exchange OKX, Andrew Cuomo, urged U.S. lawmakers to quickly pass the Clarity Act, a bill intended to regulate cryptocurrencies in the United States. The legislation, already approved by the House of Representatives last year, faces hurdles over ethics language, with Democrats and Republicans disagreeing on key provisions. Democrats want to ban government officials from promoting or profiting from cryptocurrencies, targeting the Trump family’s crypto interests. Cuomo warned that the U.S. risks falling behind the rest of the world in crypto innovation, noting that OKX is experiencing rapid growth in Europe due to favorable regulations.
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