TMTPOST -- Chris Giancarlo, former chairman of the U.S. Commodity Futures Trading Commission (CFTC), has emerged as the leading candidate for the role of the United States' first-ever "Crypto Czar." The Trump transition team is reportedly exploring the creation of this new position to support the growth of the $3 trillion digital asset market. Giancarlo, 65, who served during Trump’s first term, has been a key member of the president-elect's new transition team. In recent weeks, he has stepped back from consideration for roles such as chair of the CFTC or the Securities and Exchange Commission (SEC). However, he has expressed openness to the proposed "Crypto Czar" role, according to senior transition officials. President-elect Trump has reportedly shown interest in the position after meeting with top cryptocurrency industry leaders, including the CEOs of Coinbase and Ripple. Giancarlo’s extensive experience in Washington, along with his deep understanding of policy implementation, makes him a strong contender for the role. If appointed, Giancarlo is expected to play a pivotal role in shaping the U.S. regulatory landscape for digital assets, signaling a potential shift towards fostering innovation in the cryptocurrency sector.