Odaily Planet Daily News Former CFTC Chairman Chris Giancarlo is a strong contender for the United States' first 'Crypto Czar,' a new position that President Trump is considering establishing, possibly to oversee the $30 trillion blockchain industry. Giancarlo is known as 'Crypto Dad' for advancing clear regulatory work during his two-year term, including paving the way for Bitcoin futures to trade on U.S. exchanges. In an interview on Wednesday, he stated that he has declined positions with the CFTC and the U.S. SEC. 'Trump has very specifically outlined a series of initiatives to make the U.S. the world’s crypto capital,' Giancarlo said, referring to Trump’s speech at the Bitcoin 2024 conference held in Nashville in July. He mentioned that this includes 'establishing a Bitcoin strategic reserve, forming a cryptocurrency committee, and ensuring people have the ability to have self-custody wallets.' In other areas, he talked about capital gains tax exemptions on domestic cryptocurrency earnings, ending the de-banking of cryptocurrencies (also known as 'Choke Point 2.0'), as well as new rules and regulations through the CFTC and SEC and stablecoin legislation. Giancarlo, a key member of Trump's transition team, added that cryptocurrency will be an 'important priority' for the new administration. Although Trump has been a skeptic of cryptocurrencies, he has maintained good relations with industry insiders during his bid for re-election over the past year and has made many commitments to improve the outlook for the U.S. cryptocurrency industry. 'As for candidates, they are usually not very specific. I think Trump is very specific about what he is going to do,' he said, noting that Trump is surrounded by advocates for cryptocurrency, such as the head of the Department of Efficiency, Elon Musk, and Vivek Ramaswamy. (The Block)