Chris Giancarlo has earned the moniker "Crypto Dad" for his pro-innovation views, and this time, he is reportedly a frontrunner for what could be the country's first ever crypto-focused White House role.

Former CFTC Chairman Chris Giancarlo has expressed strong support for the Commodity Futures Trading Commission (CFTC) taking on a larger role in regulating cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC).

The Commodity Futures Trading Commission (CFTC) may reportedly oversee a substantial portion of the $3 trillion digital asset market once President-elect Donald Trump assumes office next year.

Chris Giancarlo leads the shortlist for Trump’s potential crypto role, aimed at boosting US crypto growth and easing regulatory burdens.

Chris Giancarlo, ex-CFTC chair and crypto advocate, may become the US crypto czar, signaling a shift in blockchain regulation.

The incoming Trump administration wants to expand the power of the CFTC by granting it oversight of a significant portion of the $3 trillion digital asset market.

Donald Trump’s transition team is reportedly considering “Crypto Dad” Chris Giancarlo, former CFTC chair, for a proposed crypto czar role.

Under the proposed shift, the CFTC would oversee spot markets for digital assets classified as commodities, as well as regulate crypto exchanges

Former CFTC chairman Chris Giancarlo emerges as a frontrunner for the proposed crypto czar role under Donald Trump's transition team.

The Trump government is reportedly looking at the possibility of giving the CFTC the authority to regulate the spot market for Bitcoin and other cryptocurrencies, potentially providing more clarity on which regulator should oversee the industry.