LATEST: 🇺🇸 Former New York Governor Andrew Cuomo says the US is 12 years behind on crypto regulation, noting NY's BitLicense was passed back in 2014.

What happened

Former New York Governor Andrew Cuomo said the United States is 12 years behind on cryptocurrency regulation, noting that New York’s BitLicense was passed in 2014.

Confirmed

Global impact / market context

His comment draws attention to a perceived regulatory gap, which could push lawmakers to create clearer rules, affecting how crypto firms operate and investors assess risk.

Analyst inference

Crypto companies currently navigate a patchwork of state rules like the BitLicense, creating uncertainty that can limit investment and slow growth in the sector.

Analyst inference

What to watch

1. Any new federal crypto legislation or guidance that aims to standardize rules across states, which could reduce compliance complexity for firms. Proposed
2. Changes to the New York BitLicense framework, such as easing requirements, that might signal broader regulatory adjustments. Proposed
3. Statements from major crypto exchanges about how potential regulation will impact their operating costs and service offerings. Analyst inference

Evidence

• x.com