Giancarlo proposes parallel approach of CFTC authority and congressional legislation

Former CFTC Chairman Christopher J. Giancarlo said U.S. crypto regulation should combine the agency's existing authority with new congressional legislation, arguing that rulemaking alone cannot deliver the clarity the digital-asset market needs. Speaking with Digital Sovereignty Alliance managing director Adrian Wall at the Strobe Summit, Giancarlo proposed handling exchange rules under the CFTC's current powers while lawmakers close remaining regulatory gaps through additional legislation. The remarks, distributed by DSA on the 6th, add a prominent voice to the debate over how to divide oversight between the CFTC and the SEC. They matter because the approach could shape how U.S. exchanges are supervised and how much new law the industry must wait for. What to watch next is whether Congress advances market-structure legislation that codifies a CFTC role and fills the gaps Giancarlo identified.