Chris Giancarlo, a leading candidate to head the US Commodity Futures Trading Commission (CFTC) and author of the book “Crypto Dad,” recently addressed key aspects of President-elect Donald Trump’s ambitious plans for the crypto sector. 

In an interview with Fox Business, Giancarlo highlighted Trump’s vision of making the United States the global hub for cryptocurrency and discussed the proposed establishment of a strategic Bitcoin reserve.

Major Changes In Crypto Regulation Under Trump

During the interview, Giancarlo noted that the current regulatory landscape for cryptocurrencies is in flux, with significant changes anticipated once Trump assumes office on January 20. 

The former CFTC Chair referenced a speech by Trump earlier this year, which outlined initiatives such as creating a White House crypto council and implementing a Bitcoin reserve. However, Giancarlo cautioned that these initiatives would require substantial groundwork to be realized effectively.