Former CFTC Chair Christopher Giancarlo has denied rumors of being considered as the next Chair of the SEC or having interest in a crypto-related role within the US Treasury Department. He referenced cleaning up a previous mess at the CFTC and indicated that it could be related to the SEC's regulation by enforcement approach in the crypto industry. Giancarlo, also known as 'Crypto Dad', has been supportive of the crypto industry since 2018. Meanwhile, current SEC Chair Gary Gensler defended the SEC's approach during a recent speech, stating that a substantial number of digital assets likely qualify as securities and need to be regulated by the SEC. Since Gensler took over, the SEC has pursued lawsuits against several crypto firms, leading to criticism and claims of a lack of regulatory clarity.



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