President-elect Donald Trump is set to meet with Brian Armstrong, the CEO of Coinbase, on Monday for their first discussion since the election on November 5th.
As reported by the Wall Street Journal, the focus of their conversation will likely be appointments for Trump’s new administration.
Trump’s Crypto Agenda
Trump’s approach to cryptocurrency is a prominent part of his leadership strategy as he finalizes his cabinet. His views on the subject were highlighted during his campaign.
One of his commitments includes establishing a presidential advisory council dedicated to cryptocurrency, as announced during the National Bitcoin Conference in Nashville this year.
Additionally, Trump has suggested the potential dismissal of Gary Gensler, the current SEC chair, believing that such a change could pave the way for a more favorable regulatory environment for cryptocurrencies, fostering greater adoption and new investment opportunities.
Investor speculation has been rising regarding Gensler’s potential resignation soon.
Pro-Crypto Appointments in Focus
Armstrong has indicated his support for pro-crypto officials, endorsing Hester Peirce from the SEC as a strong choice for chair under Trump.
They may also discuss Howard Lutnick, a pro-Bitcoin figure and chairman of Cantor Fitzgerald, who has been mentioned as a candidate for Treasury Secretary.
The outcomes of the meeting between Trump and Armstrong could greatly impact the regulatory framework for cryptocurrency in the U.S.
Trump’s actions reflect his commitment to his promises, aiming to position the U.S. as the “crypto capital of the world” while considering key industry stakeholders in his decision-making process.
Image from BBC, chart sourced from TradingView.com
