[Former CFTC Chairman: Banks Need Regulatory Clarity More Than the Crypto Industry] Odaily Planet Daily reports that former CFTC Chairman Chris Giancarlo stated on The Wolf Of All Streets Podcast that U.S. banks need regulatory clarity for crypto the most; otherwise, they risk falling behind other regions globally in payment innovation. Chris Giancarlo pointed out that even if the CLARITY Act is not passed, the crypto industry will continue to develop. However, without clear rules, bank boards will hesitate to invest billions of dollars due to regulatory uncertainty. Chris Giancarlo emphasized that U.S. financial institutions need to modernize by adopting this technology, and if adoption is delayed, regions like Asia and Europe will take the lead, leaving the U.S. banking system at a disadvantage. If the CLARITY Act ultimately fails to pass, it is expected that SEC Chairman Paul Atkins and CFTC Chairman Mike Selig will establish independent rules to provide temporary guidance.