Key Takeaways
- Chris Giancarlo may lead Bitcoin policy under Trump.
- The potential czar role aims to streamline regulation.
- Other contenders include Bitcoin Inc. CEO David Bailey.
Chris Giancarlo, known as “Crypto Dad,” is emerging as the top contender for a new “crypto czar” role under President-elect Donald Trump’s administration.
The position, though not yet finalized, would aim to oversee Bitcoin and digital asset policy, aligning with Trump’s pro-industry stance.
Giancarlo’s background
Giancarlo, 65, previously chaired the Commodity Futures Trading Commission (CFTC), where he spearheaded the regulation of Bitcoin futures.
He now serves as senior counsel at Willkie Farr & Gallagher and is a leading advocate for blockchain and stablecoin frameworks.
A member of Trump’s transition team, Giancarlo has expressed interest in the role, stating:
I would be honored to be considered for the role.
Potential role
The concept of a crypto czar gained traction after discussions between Trump and industry leaders, including Coinbase CEO Brian Armstrong.
The role could oversee a proposed Bitcoin advisory council, which Trump pledged to establish within his first 100 days.
Focus areas
While some Trump advisers worry about expanding government influence, the potential czar would focus on streamlining U.S. Bitcoin regulation.
Key priorities may include stabilizing the $180 billion stablecoin market and creating regulatory safe harbors to foster innovation.
Other potential candidates floated include David Bailey, CEO of Bitcoin Inc., and Brian Morgenstern of Riot Platforms.
Both have supported Trump’s campaign efforts and remain involved in shaping Bitcoin policy discussions.
