According to FOX Business, former CFTC Chairman Chris Giancarlo is considered a strong candidate for the Trump administration's 'crypto czar' position. This position aims to promote market development in the crypto space, support innovation in blockchain technology, establish a regulatory framework for the stablecoin market, and work with regulators to streamline corporate compliance processes. Additionally, industry figures such as David Bailey and Brian Morgenstern have also been proposed for advisory roles. Giancarlo currently serves as a senior legal advisor at Willkie Farr & Gallagher law firm, and is a member of the advisory board for the blockchain advocacy organization Digital Chamber and stablecoin company Paxos, as well as being the founder and director of the Digital Dollar Project.