Cuomo Says Crypto Backing of GOP Alienated Democrats

This report is based on information published by cointelegraph.com. Former New York Gov. Andrew Cuomo said the crypto industry’s heavy support for Republicans has alienated Democrats.

Cuomo urged the industry to balance its support for both Democrats and Republicans if it wants federal crypto legislation to pass.

✦Key Takeaways

• ✓Cuomo said crypto’s backing of Republicans has alienated Democrats.
• ✓He urged the industry to support both major U.S. parties.
• ✓Cuomo linked that balance to the prospects for federal crypto legislation.

✦Context

Crypto firms and advocacy groups have often sought political support in Washington as lawmakers consider rules for digital assets. Bipartisan backing can matter in Congress, where major legislation often requires support from both parties.