According to ChainCatcher citing Bitcoin Magazine, former U.S. Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo said the debate over crypto market-structure legislation is increasingly about jurisdiction rather than sound regulation. He said the Securities and Exchange Commission (SEC) and CFTC have clarified their respective oversight areas and are cooperating smoothly. Giancarlo also said that with Democrats controlling both chambers of Congress, the direction of Bitcoin and crypto regulation will face renewed political contest. He pointed to the Depository Trust & Clearing Corporation’s progress on tokenized collateral as evidence that Wall Street is moving toward digital-network finance regardless of policy…