Andrew Cuomo has a new gig, a new platform, and apparently a new hobby: asking uncomfortable questions about the people writing crypto law. During a Bloomberg Crypto interview on July 7, the former New York governor publicly questioned whether lawmakers setting digital asset regulations should be allowed to trade the very assets they’re regulating.
The man, the venture, the advocacy
Cuomo isn’t just throwing stones from the sideline here. He’s co-chairing a joint venture between Intercontinental Exchange, the parent company of the New York Stock Exchange, and crypto exchange OKX. That partnership was announced on June 22 and aims to build a regulated broker-dealer framework focused on tokenized assets, pending the usual regulatory approvals.
OKX was valued at $25 billion following an ICE investment reported in March 2026 and serves roughly 120 million customers globally.
Cuomo has been pushing for the passage of the CLARITY Act since at least June 23, describing the proposed legislation as establishing the essential “rules of the road” for digital assets. The Act would create a standardized regulatory framework designed to bring order to what remains a largely patchwork system of state and federal oversight.
