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Trump eyes ‘crypto czar’ role – Will this take the market cap to $3T?
The post Trump eyes ‘crypto czar’ role – Will this take the market cap to $3T? appeared on BitcoinEthereumNews.com. Trump considers Chris Giancarlo for the first-ever White House cryptocurrency advisory role. Pro-crypto appointments signal Trump’s push for progressive U.S. digital asset policies. Donald Trump is reportedly considering Chris Giancarlo, the former Commodity Futures Trading Commission (CFTC) chairman, for a pioneering role in cryptocurrency regulation within his administration. Known as “Crypto Dad” and also for his advocacy of blockchain innovation, Giancarlo’s potential nomination underscores a significant shift toward developing a coordinated crypto framework in the United States. This move could help position the U.S. as a leader in digital assets, encouraging innovation and addressing regulatory challenges. White House’s first crypto position The proposed role marks a historic step for the first dedicated cryptocurrency position within the White House, aiming to guide the $3 trillion digital asset industry. Recognized for his progressive stance on digital innovation, Giancarlo has been an integral part of Trump’s transition team since the election victory. This shows how Trump’s pro-crypto stance has already begun to take shape well ahead of his inauguration in January 2025. Having campaigned on promises to establish a dedicated regulatory council for cryptocurrencies and replace SEC Chairman Gary Gensler, these commitments appear to be driving the current market bull cycle. Amidst this, Gensler too announced his resignation after a four-year term, marking a significant shift in the SEC’s leadership. Could Chris Giancarlo be the crypto czar? Hence, in a further move to solidify his administration’s crypto agenda, Trump is now exploring Giancarlo as a potential front-runner, according to FOX Business. Remarking on the same, Cardano founder Charles Hoskinson said, “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 post Trump eyes ‘crypto czar’ role – Will this take the market cap to $3T? appeared on BitcoinEthereumNews.com.
Trump considers Chris Giancarlo for the first-ever White House cryptocurrency advisory role. Pro-crypto appointments signal Trump’s push for progressive U.S. digital asset policies. Donald Trump is reportedly considering Chris Giancarlo, the former Commodity Futures Trading Commission (CFTC) chairman, for a pioneering role in cryptocurrency regulation within his administration. Known as “Crypto Dad” and also for his advocacy of blockchain innovation, Giancarlo’s potential nomination underscores a significant shift toward developing a coordinated crypto framework in the United States. This move could help position the U.S. as a leader in digital assets, encouraging innovation and addressing regulatory challenges. White House’s first crypto position The proposed role marks a historic step for the first dedicated cryptocurrency position within the White House, aiming to guide the $3 trillion digital asset industry. Recognized for his progressive stance on digital innovation, Giancarlo has been an integral part of Trump’s transition team since the election victory. This shows how Trump’s pro-crypto stance has already begun to take shape well ahead of his inauguration in January 2025. Having campaigned on promises to establish a dedicated regulatory council for cryptocurrencies and replace SEC Chairman Gary Gensler, these commitments appear to be driving the current market bull cycle. Amidst this, Gensler too announced his resignation after a four-year term, marking a significant shift in the SEC’s leadership. Could Chris Giancarlo be the crypto czar? Hence, in a further move to solidify his administration’s crypto agenda, Trump is now exploring Giancarlo as a potential front-runner, according to FOX Business. Remarking on the same, Cardano founder Charles Hoskinson said, “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…
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