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Former CFTC Chairman: Banks Need the "Clear Act" More Than Cryptocurrencies 👀
Chris Giancarlo stated that cryptocurrencies will continue to develop regardless of U.S. regulation—even if it means moving overseas.
Banks do not have that choice.
They need legal clarity to stay competitive, or they will fall behind as innovation shifts to places like the UAE and Singapore.
This is the reality. This bill is not just about cryptocurrencies—it’s about whether the U.S. financial sector can keep up.