Andrew Cuomo: Crypto industry should seek bipartisan balance to push legislation forward

Former New York Governor Andrew Cuomo stated on Token2049 that the cryptocurrency industry's strong support for the Republican Party has distanced itself from the Democratic Party, and that pushing for federal cryptocurrency legislation in the United States requires bipartisan support. In the 2026 election cycle, the Crypto Industry Political Action Committee has invested $54.3 million to support the Republican Party, $26.2 million to support the Democratic Party, and $23.2 million to oppose Democratic candidates. Andrew Cuomo believes that encryption technology aligns with Democratic ideals and points out that Fairshake has announced his support for 32 House candidates in the November midterm elections, including 19 Republican candidates and 13 Democratic candidates.