At the TOKEN2049 conference, a heated discussion broke out about the future of the U.S. regulatory framework. Former Governor of New York State Andrew Cuomo voiced an alarming trend: the cryptocurrency industry risks becoming a hostage of the party struggle.
📊 Lobbying figures in 2026 speak for themselves:
🔴 Republicans: $54.3 million of support from the crypto industry
🔵 Democrats: $26.2 million
According to Cuomo, such a clear bias towards the Republicans repels the Democrats - and it is their votes that are critically necessary for the passage of key bills through Congress.
⚠️ Regulatory vacuum continues
The main victim of party disagreements is the CLARITY Law, a long-awaited document designed to clearly divide powers between the SEC and the CFTC and give the market transparent rules of the game.
Chairman of the Finance Committee of the House of Representatives French Hill admitted: point decisions of the SEC and CFTC will not replace a full-fledged legislative framework. Voting on the CLARITY Act has now been postponed until the "lame duck" session (the period of Congress after the elections).
🔥 What does this mean for the market?
While politicians share influence, a two-party consensus is vital for the crypto industry. Without the support of both parties, the adoption of large-scale reforms will remain in question, and the market will have to work in conditions of uncertainty.