Trump Considers Former CFTC Chair Giancarlo for 'Crypto Czar' Position
Trump’s Team Eyes Chris Giancarlo for ‘Crypto Czar’ Role
President-elect Donald Trump’s transition team is considering former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo for a new “crypto czar” position to oversee digital asset policy. This role would mark the first time the White House has appointed a senior official dedicated to cryptocurrency and blockchain innovation.
Giancarlo, known as “Crypto Dad” for his industry support during his CFTC tenure, is reportedly open to the role. A Fox Business report highlights him as a serious contender. The position, still under consideration, would involve developing regulatory frameworks to foster growth in the $3 trillion digital asset market, including Bitcoin and the $180 billion stablecoin sector.
Trump’s Crypto-Friendly Stance Amid Gensler’s Retirement
Throughout his campaign, Trump criticized the Biden administration’s crypto regulation approach, promising to remove SEC Chairman Gary Gensler on his first day in office. He also pledged to create a presidential advisory council to promote crypto-friendly policies within his first 100 days. The crypto czar, if appointed, could play a key role in this council.
Giancarlo’s extensive experience makes him a leading candidate. He chaired the CFTC from 2017 to 2019, overseeing the launch of the first Bitcoin futures contracts. He also co-founded the Digital Dollar Project, which explores a potential U.S. central bank digital currency, and currently advises blockchain firms and industry groups.
On November 21, SEC Chair Gary Gensler announced his resignation effective January 20, 2025, coinciding with Trump’s inauguration.
