Former CFTC Chairman Chris Giancarlo says the Senate's failure to pass the Clarity Act is disappointing but won't halt U.S. crypto innovation.

Giancarlo tells Fox's Eleanor Terrett that SEC Chair Paul Atkins and CFTC Chair Selig are "determined" to establish regulatory frameworks that keep financial innovation under U.S. law rather than pushing it offshore.

Tomorrow at the $AVAX Summit in NYC, Terrett will moderate a panel with Giancarlo and former SEC/CFTC commissioners Tim Massad, Troy Paredes, and Caroline Crenshaw.