According to CoinMeta, former New York Governor Andrew Cuomo called on Congress to pass a clear bill as soon as possible, warning that the United States has fallen behind other countries in terms of crypto regulation. Cuomo stated at a conference in Salt Lake City that legislators need to resolve their differences and provide clear rules for the crypto industry. He pointed out that such a clear bill would create a federal framework for digital assets and help define which crypto products fall under the jurisdiction of the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). Cuomo emphasized that businesses need to know the boundaries set by regulators in order to build and invest confidently in the United States.