[Former U.S. CFTC Chairman: Regulatory Clarity on Cryptocurrency is More Important for Banks] According to a report by Jinse Finance, former U.S. CFTC Chairman Chris Giancarlo stated that U.S. banks urgently need clear regulatory guidance on cryptocurrency; otherwise, they may fall behind other regions globally in payment innovation. Speaking on The Wolf Of All Streets Podcast on Sunday, Giancarlo said that even if the Senate's crypto market structure bill fails to pass, the crypto industry will continue to develop. However, without clear rules, banks will remain cautious about investing in this technology. He pointed out: 'Banks cannot afford regulatory uncertainty. Their general counsels are telling their boards: "Unless there is clear regulatory guidance, you cannot invest billions of dollars." For banks, regulatory clarity is even more critical than it is for the crypto industry.'