Andrew Cuomo: Wall Street is ready. Congress needs to catch up

Andrew Cuomo argues that blockchain technology offers transformative potential for securities issuing, ownership recording, and trading, similar to the disruption caused by the rise of electronic trading decades ago. He notes that regulatory bodies like the SEC have begun easing rules to facilitate blockchain-based trading, signalling a shift that could modernise Wall Street by enabling faster settlements and 24/7 global markets.

This Wire brief sits within Fusion42's coverage of Fintech.