[Former CFTC Chairman: U.S. Banks Need Clearer Crypto Regulation More Than Crypto Firms, or They Will Fall Behind in Payment Innovation] According to a report by Jinse Finance, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo stated that U.S. banks are in greater need of clear crypto regulation than crypto firms. If regulatory ambiguity persists, the U.S. banking industry will fall behind in the global competition for payment innovation.