Former CFTC Chairman: Trump is the first crypto president in the United States

Odaily News Chris Giancarlo, former chairman of the United States Commodity Futures Trading Commission (CFTC), recently highlighted the pivotal role of former U.S. President Donald Trump in the cryptocurrency industry. Speaking at the Crypto Policy Summit in Washington, D.C., Giancarlo dubbed Trump “America’s first crypto president.” The title stems from the Trump administration’s approval of Bitcoin futures during its first year in office. He also stressed the importance of approving Bitcoin futures during Trump’s administration: “The enduring success of this regulated futures market helped ensure that the world’s first digital commodity — Bitcoin — was priced in U.S. dollars,” he said, stressing the importance of Bitcoin to the future of digital assets. Giancarlo further noted that in 2017, cryptocurrency was not a political issue as he and other CFTC commissioners were “uniformly supportive of regulatory innovation.” However, it has now become a political topic. Earlier this month, Trump met with cryptocurrency enthusiasts and announced his decision to accept cryptocurrencies as campaign contributions. He also claimed that President Joe Biden “doesn’t even know” what cryptocurrencies are and declared that “if you support cryptocurrencies, you better vote for Trump.” (Bitcoin.com)