Chris Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has underscored the significant role of former President Donald Trump in the cryptocurrency industry. Giancarlo dubbed Trump as the first crypto president of the United States due to his administration's approval of bitcoin futures. Trump's stance on crypto has evolved significantly since he took office.
Trump recently confirmed his acceptance of cryptocurrency. In February, he acknowledged the popularity of $BTC , stating that $BTC has a life of its own and he could accept it. This contrasts sharply with his statements in July 2019 on Twitter, where he declared himself not a fan of bitcoin and other cryptocurrencies, which are not money, and their value is highly volatile and unpredictable.
Since leaving office, the former U.S. president has launched three non-fungible token (#NFT ) collections. In March, he referred to bitcoin as an additional form of currency, stating that he sometimes allows people to pay through bitcoin or engage in new currencies.
Giancarlo also highlighted the importance of approving bitcoin futures during the Trump administration. "The enduring success of that regulated futures market has helped ensure that the world's first digital commodity, bitcoin, is priced in U.S. dollars," he said, as quoted from Bitcoin.com.
