Chris Giancarlo Eyed as First U.S. “Crypto Czar”

Chris Giancarlo, former CFTC chairman during Trump’s first term and a key figure behind the approval of Bitcoin futures in the U.S., is rumored to be the frontrunner for the White House’s first “Crypto Czar” position.

Reports suggest Giancarlo withdrew from competing for the SEC and CFTC chair roles, signaling his readiness to lead this new office. Meanwhile, SEC Chair Gary Gensler announced he will step down on January 20, amid backlash over his aggressive regulatory agenda.