Former CFTC Chairman: SEC and CFTC Will Formulate Cryptocurrency Rules

Former Chairman of the U.S. Commodity Futures Trading Commission (CFTC) Chris Giancarlo stated that despite the CLARITY Act facing setbacks in the Senate, the U.S. Securities and Exchange Commission (SEC) and CFTC will still work on developing cryptocurrency regulations.

Giancarlo, who previously served as Chairman of the CFTC, expressed this view regarding the progress of U.S. cryptocurrency regulatory legislation.