Donald Trump is reportedly considering Chris Giancarlo, the former chairman of the Commodity Futures Trading Commission (CFTC), for the White House’s first crypto administration role.

A popular advocate for digital assets, Giancarlo has been a key member of the Trump transition team since his election victory on November 5.

Trump Eyes Chris Giancarlo for White House Crypto Regulatory Council

While campaigning, President-elect Donald Trump vowed to establish a regulatory council for cryptocurrencies and dismiss SEC Chairman Gary Gensler. Due to these pro-crypto promises, his election into office triggered the ongoing bull cycle.

However, Trump’s pro-crypto moves have already started to materialize even before he takes office at the end of January 2025. Earlier today, Gensler announced his resignation, after his four-year tenure as the SEC chair.

Now, Trump is considering the first-ever crypto advisory role within the White House, and Giancarlo is potentially a frontrunner candidate, according to FOX Business.

“With respect to the idea of a Crypto-Czar at the Whitehouse, I feel the role needs to be filled with someone who is neutral, works with all the protocols, and has a deep understanding of why crypto is special as well as what the US government under Biden has done wrong,” Cardano founder Charles Hoskinson wrote on X (formerly Twitter).

Rumors of candidacy sparked much support online, where his fans were eager to see Giancarlo back in administration. The financier has been a longtime advocate of crypto, embracing the ‘Crypto Dad’ nickname in his book ‘The Fight for the Future of Money.’

During his tenure at CFTC from 20

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Author: Farah Ibrahim