PANews
PANews|Oct 08, 2026 06:23
[Former New York Governor: Overwhelming Support for Republicans by the Crypto Industry May Alienate Democrats, Balance Needed to Advance Federal Legislation] According to Cointelegraph, former New York Governor Andrew Cuomo stated that the crypto industry's strong support for Republicans has alienated Democrats. If federal-level crypto legislation is to be passed, a balance between supporting Democrats and Republicans is necessary. Speaking at Token2049, Cuomo pointed out that the industry 'believes heavily investing in Republicans' is the way to push the CLARITY Act forward. 'When you heavily invest in Republicans, by definition, you alienate Democrats,' he emphasized. 'To pass the bill, you need both Democrats and Republicans, and a more balanced approach is essential.'
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