Former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo said the next phase of US crypto regulation could center on which agency has jurisdiction. In a Bitcoin Magazine interview reported by ChainCatcher on November 12, 2026, he said Democrats controlled both chambers of Congress and that the direction of Bitcoin and crypto regulation would face a new political contest.
Giancarlo said the Securities and Exchange Commission (SEC) and CFTC had clarified their respective regulatory scopes and were cooperating well. He characterized the coming jurisdictional debate as being “less about good regulation than about turf.” He also pointed to progress by the Depository Trust & Clearing Corporation (DTCC) on tokenized collateral as a sign that Wall Street was moving toward digital-network finance regardless of policy changes in Washington.
The interview also covered stablecoin regulation, oversight of prediction markets and perpetual contracts, and central bank digital currencies. Giancarlo is known as “Crypto Dad” for his longstanding support of the crypto industry.
Original report: ChainCatcher · Published November 12, 2026, at 05:21 (UTC+8).