Trump administration may establish the position of "crypto czar", Chris Giancarlo is considered a popular candidate

According to a FOX Business report, former CFTC Chairman Chris Giancarlo is considered a top candidate for the "crypto czar" position in the Trump administration. The position aims to promote the development of the cryptocurrency market, support blockchain technology innovation, establish a regulatory framework for the stablecoin market, and work with regulators to simplify corporate compliance processes. In addition, industry figures such as David Bailey and Brian Morgenstern have also been proposed to serve in advisory roles. Giancarlo is currently a senior legal advisor at the law firm Willkie Farr & Gallagher, and also serves on the advisory board of the blockchain advocacy organization Chamber of Digital Commerce and the stablecoin company Paxos, as well as being the founder and director of the digital dollar project.