Chris Giancarlo

The CFTC has traditionally been a much more innovative organization.

I think it's challenged the SEC to do a better job.

It was the CFTC, this first regulator, not just in the United States, but in the world, to create a full regulatory structure for derivatives on crypto.

which has become the model for the rest of the world.

We forget that because we think the United States is so behind.

We don't have market structure legislation.

The CFTC was ahead of the world.

We are better.

Our regulations are more flexible than most of the rest of the world.

Yes, Crypto Dad.

So Crypto Dad was a name that I'm very proud to have been given as opposed to adopted.

And in 2018, not long after we green-lighted Bitcoin futures, despite all of that controversy, I was hauled before the Senate Banking Committee to justify what we had done.

And in those days, crypto wasn't a Republican or Democrat issue.

It was more of a generational issue.

And you got a lot of old senators who were pretty upset with me for green-lighting something.

And so I had to explain what I...

And I had submitted a brief that was like 60 pages, chapter and verse what we had done.

And if you've ever watched these hearings on television, you realize they're meant to intimidate the witnesses.

And the most intimidating of all is the Senate Banking Committee.

These senators sit on a raised dais and they have these bright lights behind them and they put the witnesses at a table that's just markedly lower than most tables.