Andrew Cuomo Discusses OKX, Clarity Act, 24/7 Trading

Summary

Andrew Cuomo, former New York governor and now co-chair of the ICE-OKX joint venture, outlines the venture's long-term vision to tokenize equities on the New York Stock Exchange, giving investors direct ownership via tokens. He discusses the need for US crypto regulation reform, the competitive pressure from Europe, and the potential transformation of traditional finance. The conversation also touches on legislative hurdles, the Clarity Act, and ethics concerns around lawmakers trading crypto.

• Cuomo describes the ICE-OKX JV's goal of true tokenized NYSE equities with full shareholder rights.
• The venture's mid-term plan includes establishing an FCM and broker-dealer; short-term, OKX already lists ICE oil perpetuals.
• He argues that US regulatory delay on crypto has lasted far too long, risking loss of leadership to Europe.
• Cuomo downplays partisan blame for the stalled Clarity Act, citing traditional-finance resistance and congressional dysfunction.
• He expects the JV to revolutionize the stock exchange business by enabling 24/7 direct global access without intermediates.
• Cuomo supports ethics guidelines in crypto legislation to prevent lawmakers from trading on inside information.