LATEST: 🇺🇸 Ex-CFTC Chair Chris Giancarlo says crypto should stop making "such a big deal" of the CLARITY Act: "The internet is still happening, and there's never been an authorizing statute 30 years later." "Innovation goes on."

What happened

Former CFTC Chair Chris Giancarlo said the crypto industry should stop treating the CLARITY Act as a major issue, noting the internet has thrived for 30 years without an authorizing statute and that innovation will continue.

Confirmed

Global impact / market context

Giancarlo’s comment downplays regulatory uncertainty around the CLARITY Act, which may reassure crypto firms and investors that future legal constraints are unlikely to halt development, encouraging continued spending and capital inflows.

Analyst inference

The crypto market has recently faced heightened scrutiny from U.S. lawmakers, and any signal that regulation may not be as restrictive can influence sentiment, potentially supporting price stability and funding for blockchain projects.

Analyst inference

What to watch

1. Legislative activity on the CLARITY Act – watch for any new bills or amendments that could change the regulatory landscape for digital assets and affect compliance costs. Proposed
2. Giancarlo’s remark that “the internet is still happening” and no authorizing statute exists for 30 years, indicating he views regulation as non‑blocking for crypto innovation. Confirmed
3. Crypto companies’ product launches or fundraising announcements – firms may accelerate plans if they interpret Giancarlo’s view as a sign of reduced regulatory risk. Proposed

Evidence

• x.com