According to CoinMeta, Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated that the failure of the proposed legislation could be good news for the crypto industry. In a recent interview, he said, "I am satisfied that the proposed legislation did not pass; we will be fine." Giancarlo noted that the bill gradually "died" over the last six months as it tried to appease every interest group, ultimately becoming "unpopular" with no one. He believes that the United States rarely enacts laws before new technologies emerge, and technologies such as the internet, big data, and artificial intelligence developed without initial governing laws. He also criticized Trump's interest in cryptocurrencies, calling Trumpcoin and Melaniacoin "mistakes," and argued that these issues have become "political football." Giancarlo views Trump as generally positive towards the crypto industry and praised the appointment of regulators who are friendly to cryptocurrencies.