{"id":3392,"date":"2024-11-27T19:01:37","date_gmt":"2024-11-27T19:01:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3392"},"modified":"2024-11-27T19:01:37","modified_gmt":"2024-11-27T19:01:37","slug":"crypto-dad-chris-giancarlo-advocates-for-passing-crypto-regulation-from-the-sec-to-another-commission-heres-why","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3392","title":{"rendered":"&#8216;Crypto Dad&#8217; Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission \u2014 Here&#8217;s Why"},"content":{"rendered":"<div>\n<p>Former CFTC Chairman <strong>Chris Giancarlo<\/strong> <a href=\"https:\/\/www.benzinga.com\/government\/regulations\/24\/11\/42206456\/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto\">has expressed strong support<\/a> for the Commodity Futures Trading Commission (CFTC) taking on a larger role in regulating cryptocurrencies like <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) and <strong>Ethereum <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>).<\/p>\n<p><strong>What Happened: <\/strong>&#8220;With adequate funding and under the right leadership, I think the CFTC could hit the ground running to begin regulating digital commodities on day one of <strong>Donald Trump<\/strong>&#8216;s presidency,&#8221; Giancarlo <a href=\"https:\/\/www.foxbusiness.com\/markets\/trump-admin-eyes-cftc-lead-digital-asset-regulation\">told<\/a> FOX Business on Tuesday.<\/p>\n<p>He added that the CFTC&#8217;s lighter regulatory approach, compared to the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42131449\/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia\">SEC&#8217;s enforcement-heavy stance<\/a>, would encourage innovation while protecting market integrity.<\/p>\n<p>The CFTC currently oversees the $20 trillion U.S. derivatives market, which includes futures and options trading. <\/p>\n<p>However, it lacks clear jurisdiction over cryptocurrency spot markets, where digital assets are bought and sold directly. <\/p>\n<p>Under the Trump administration&#8217;s proposal, the CFTC would gain oversight of these markets and the &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/42221726\/crypto-dad-chris-giancarlo-advocates-for-passing-crypto-regulation-from-the-sec-to-another\" alt=\"'Crypto\" dad chris giancarlo advocates for passing crypto regulation from the sec to another commission here why>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Former CFTC Chairman Chris Giancarlo has expressed strong support for the Commodity Futures Trading Commission (CFTC) taking on a larger role in regulating cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC). What Happened: &#8220;With adequate funding and under the right leadership, I think the CFTC could hit the ground running to begin regulating digital [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3392","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3392"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3392\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}