- President-elect Donald Trump is set to appoint a new role to oversee crypto-related policies in the White House.
- Chris Giancarlo, also known as “Crypto Dad,” is speculated to be a leading candidate for this position.
- Giancarlo’s extensive experience in the cryptocurrency industry and government makes him a strong contender for the role.
Following this month’s presidential election victory over Kamala Harris, President-elect Donald J. Trump is set to take office in January for his second term.
Throughout the campaign, Trump heavily aligned himself with the crypto industry. Be it campaigning for a strong U.S. Dollar in international trade via stablecoins — or publicly praising Bitcoin, the Republican’s efforts during the race made him be considered the more “pro-crypto” of the two candidates.
Now, it appears as if Donald Trump will not look to distance himself from digital assets once he takes office. Recent reports show the possibility of the soon-to-be President appointing a new role — the first ever in the White House — to oversee crypto-related policies.
If materialized, it would undoubtedly bring the U.S. Government and digital assets agents closer than ever. So far, the Trump administration has not announced who could be appointed “Crypto Czar”, however, one man is becoming the favorite for taking up the role, according to speculations.
“Crypto Dad” Could Become Trump’s Crypto Czar
Chris Giancarlo, a former CFTC Chain is said to be the favorite for the position. Also known as “Crypto Dad”, Giancarlo has had an extensive career championing digital assets.
As head of the Commodity Futures Trading Commission, he supervised the launch of Bitcoin futures. Arguably, Bitcoin Futures was one of the most important crypto events of recent years — as it was the first time traditional investors gained exposure to Bitcoin.
During his tenure at the CFTC he pushed for a better regulation framework for blockchain development in the senate. After leaving the CFTC — Giancarlo co-founded the Digital Dollar Project, a non-profit that aims to explore the use of stablecoins.
Interestingly, he was one of the loudest voices in favor of Ripple in the legal battle against the SEC regarding whether XRP should be categorized as a security or not. Albeit it is important to note that Giancarlo and Ripple could have been financially involved at the time.
Nonetheless, the “Crypto Dad’s” experience in the cryptocurrency industry — as well as his experience in government roles as CFTC Chain make him one of the most likely candidates for the White House’s first-ever crypto role.
