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Former Chair of the Commodity Futures Trading Commission: Banks Need a Clearer Law Than Cryptocurrencies 👀
Chris Giancarlo says cryptocurrencies will continue to build with or without regulation from the United States — even if that means moving overseas.
Banks don’t have that option.
They need legal clarity to compete, or risk falling behind as innovation shifts to places like the United Arab Emirates and Singapore.
This is the truth. This law isn’t just about cryptocurrencies — it’s about whether American finance will keep up with the evolution.
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Chris Giancarlo says crypto will keep building with or without U.S. regulation -- even if it means moving offshore.
Banks don’t have that option.
They need legal clarity to compete, or risk falling behind as innovation shifts to places like the UAE and Singapore.
That’s the reality. This bill isn’t just about crypto -- it’s about whether U.S. finance keeps up.
$GT $WCT $HMSTR