As Donald Trump considers implementing a new ‘Crypto Czar’ position in the White House, Chris Giancarlo is said to be one of the candidates in the running. This is the first time a position like this will be created, with the selected person possibly having oversight of the $3 trillion blockchain industry. While several frontrunners have been spoken about, The Block is reporting that the former Commodity Futures Trading Commission Chair Chris Giancarlo is a serious contender. In an interview with the American attorney and former business executive, Giancarlo told the publisher on Wednesday (November 27) that he has “already turned down positions running the CFTC and Securities and Exchange Commission.” He also said: “Trump has been very specific in laying out a series of initiatives to make the United States the crypto capital of the world.” This commitment is said to include “creating a strategic reserve of bitcoin to creating a Crypto Council to guaranteeing people’s ability to have self-hosted wallets.” Chris Giancarlo’s involvement with the Trump team ICYMI: My analysis of Trump's seven cryptocurrency promises: https://t.co/PkRRRExFQS — Chris Giancarlo (@giancarloMKTS) November 26, 2024 Giancarlo has been a key member of the Trump transition team, but it’s not yet been made public when the President-elect will be choosing the person for the job – if the role is to be created. It was rumored that the business mogul turned politician has already been vetting candidates, with the new role acting as the go-between for Trump and the government bodies when it comes to digital currencies. In the interview with The Block, Giancarlo said there’s an ‘existing gap right now’ in cryptocurrency regulation. “The CFTC has overseen more new product launches than almost any regulator in the world and certainly more than the SEC,” Giancarlo said.

BING NEWS:
  • Ex-CFTC Chair Chris Giancarlo could be in running to become first ‘Crypto Czar’
    As Donald Trump considers implementing a new ‘Crypto Czar’ position in the White House, Chris Giancarlo is said to be one of the candidates.
    11/27/2024 - 11:27 pm | View Link
  • Ex-CFTC Chair Chris Giancarlo Reportedly A Serious Contender For Trump's Crypto Czar
    Giancarlo's CFTC approved Bitcoin-tied regulated futures contracts He said the Trump administration will make crypto a 'considerable priority' Giancarlo is known for championing financial privacy ...
    11/27/2024 - 11:03 pm | View Link
  • 'Crypto Dad' Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission — Here's Why
    Former CFTC Chairman Chris Giancarlo has expressed strong support for the Commodity Futures Trading Commission (CFTC) taking on a larger role in regulating cryptocurrencies like Bitcoin (CRYPTO: BTC) ...
    11/27/2024 - 7:05 am | View Link
  • Crypto Dad to Crypto Czar: Chris Giancarlo May Be Trump’s Leading Candidate
    Chris Giancarlo, ex-CFTC chair and crypto advocate, may become the US crypto czar, signaling a shift in blockchain regulation.
    11/21/2024 - 11:54 am | View Link
  • Trump Considers Chris Giancarlo for First-Ever White House Crypto Czar Role
    Donald Trump’s transition team is reportedly considering “Crypto Dad” Chris Giancarlo, former CFTC chair, for a proposed crypto czar role.
    11/21/2024 - 9:10 am | View Link
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