Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
FollowingFormer New York Governor Cuomo calls for passage of the CLARITY Act
Former New York Governor Andrew Cuomo and co-chairman of the ICE-OKX joint venture called on U.S. lawmakers to advance the CLARITY Act as soon as possible. In an interview, Cuomo urged Congress to pass the bill before lawmakers recess on August 7.
The goal set by the White House on July 4 failed to be achieved, and years of regulatory uncertainty have made it difficult for cryptocurrency companies to operate confidently in the United States. Cuomo pointed out the problem bluntly: "What companies ask is to tell me the rules and tell me the regulations. I need a referee. Just tell me where the boundaries are on the field, what I can and can't do."
The bill seeking bipartisan consensus
The Digital Asset Markets Clarity Act would establish a set of federal rules for the issuance, trading and holding of digital assets, with regulatory responsibilities shared by the Securities and Exchange Commission and the Commodity Futures Trading Commission, and clarify how decentralized financial developers and protocols will be treated.
In May 2026, the Senate Banking Committee voted 15 - 9 to advance the CLARITY Act, with all 13 Republicans and two Democrats voting in favor. The Democratic lawmakers said that without further progress on an ethics clause involving government officials 'relationships with the cryptocurrency industry, their committee vote does not guarantee support in the full Senate.
Cuomo did not blame any political party for the delay, but warned lawmakers not to turn cryptocurrency regulation into another partisan battle. He pointed out that cryptocurrencies began to rise around 2009, but the United States still lacks a comprehensive regulatory framework, and he believes the CLARITY Act will ultimately provide the industry with the legal certainty it needs.
The time window is closing
Como's sense of urgency stems from the real legislative deadline. The Digital Asset Markets Clarity Act was passed in the House of Representatives, but had not yet been submitted to the full Senate for a vote as of early August, although Senate Majority Leader John Thune said on August 3 that a vote would be held before recess. Multiple reports have pointed out that if this window is missed, comprehensive market structure legislation will be postponed until the next Congress and will not be enacted until mid-2027 at the earliest.
Cuomo spoke bluntly about the competition stakes: "The United States should pass the CLARITY Act. The rest of the world is already ahead of us." He is co-chairman of the joint venture between Intercontinental Exchange (parent company of the New York Stock Exchange) and cryptocurrency exchange OKX, a partnership that aims to establish a regulated broker-dealers framework focused on tokenized assets. His increasingly prominent profile in the debate reflects a broader shift in Washington's involvement in the cryptocurrency industry in driving federal rulemaking.
