Former NY Governor Cuomo just dropped a reality check on crypto regs:
"Regulation is not legislation"
Translation? Executive branch crypto rules can get wiped overnight with a new admin. No congressional vote needed.
This is why the industry keeps pushing for actual laws vs agency guidance. SEC/CFTC rules = fragile. Congressional bills = sticky.
Bullish or bearish? Depends which side of the aisle wins 2024. But it's a reminder that US crypto policy is still built on quicksand.
"Regulation is not legislation"
Translation? Executive branch crypto rules can get wiped overnight with a new admin. No congressional vote needed.
This is why the industry keeps pushing for actual laws vs agency guidance. SEC/CFTC rules = fragile. Congressional bills = sticky.
Bullish or bearish? Depends which side of the aisle wins 2024. But it's a reminder that US crypto policy is still built on quicksand.
