According to the source, a live X discussion at 12 p.m. ET will feature former CFTC Chair J. Christopher Giancarlo on whether the SEC and CFTC should merge and the implications for crypto oversight, as announced on Oct 2, 2025 on X. source: public X post dated Oct 2, 2025 Giancarlo served as Chair of the U.S. CFTC and his views can inform how jurisdiction over digital assets may be allocated between securities and commodities regulators, which directly affects token listings, exchange compliance, and derivatives access. source: U.S. CFTC official biography of J. Christopher Giancarlo Regulatory news has been shown to significantly move crypto prices and volumes, suggesting traders should monitor BTC and ETH around the event for potential intraday volatility and liquidity shifts. source: BIS Quarterly Review analysis on regulatory news and crypto market reactions (2022) Key points to watch for trading: any signals on security vs commodity classifications and agency coordination that could affect enforcement scope and exchange obligations for spot and derivatives markets. source: public SEC statements on digital asset securities classification and CFTC enforcement releases regarding crypto derivatives platforms