Former NY governor Cuomo just came out urging Congress to pass the crypto CLARITY ACT. His take? Crypto tech will revolutionize finance — faster, more efficient, 24/7 access, better for consumers and the economy.
Interesting timing. When former politicians start publicly backing crypto legislation, it usually means the lobbying behind the scenes is already pretty far along. Whether this clarity act actually passes is one thing, but the fact that mainstream political figures are willing to put their names on it? That's a shift.
Still, "clarity" in regulation is always a double-edged sword. Could open doors for institutional money, or just create more hoops to jump through. Either way, worth watching how this plays out in the next few months. 👀
Interesting timing. When former politicians start publicly backing crypto legislation, it usually means the lobbying behind the scenes is already pretty far along. Whether this clarity act actually passes is one thing, but the fact that mainstream political figures are willing to put their names on it? That's a shift.
Still, "clarity" in regulation is always a double-edged sword. Could open doors for institutional money, or just create more hoops to jump through. Either way, worth watching how this plays out in the next few months. 👀