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President-elect Donald Trump to Meet with Coinbase CEO Brian Armstrong on Monday

Linda Hamilton

Nov 19, 2024 am 10:14 AM

Coinbase BitcoinTrump Brian Armstrong

The meeting, which will be their first interaction since the presidential election on November 5th, is expected to focus on personnel appointments for Trump's upcoming administration.

President-elect Donald Trump to Meet with Coinbase CEO Brian Armstrong on Monday

President-elect Donald Trump is set to meet with Brian Armstrong, CEO of cryptocurrency exchange platform Coinbase, on Monday, according to people familiar with the matter.

The meeting, which will be their first interaction since the presidential election on November 5th, is expected to focus on personnel appointments for Trump’s upcoming administration, the Wall Street Journal (WSJ) reported.

Trump’s Vision For Crypto In The US

As Trump works to finalize his cabinet and senior positions, his evolving stance on cryptocurrency has become a notable aspect of his leadership approach and key to his upcoming economic agenda, as revealed during his presidential campaign.

Among key promises, the now 47th President of the United States expressed his intention to create a presidential advisory council dedicated to cryptocurrency during the National Bitcoin Conference in Nashville earlier this year.

The Republican has also hinted at the possibility of firing the current chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, as he sees the move as key to a new regulatory framework for cryptocurrencies that could lead to further adoption and new investment vehicles in the country.

This has been a notable topic among investors over the past weeks, as speculation has grown that Gensler may resign in the coming days.

Aiming For Pro-Crypto Leadership In Key Appointments

Armstrong has already made his preferences known regarding key regulatory appointments. He publicly endorsed pro-crypto Hester Peirce, a current commissioner at the SEC, as the ideal candidate to lead the SEC under Trump’s administration.

However, Trump and Armstrong’s meeting agenda could see the name of Howard Lutnick, chairman of asset manager Cantor Fitzgerald and also pro-Bitcoin, who has been floated for the position of Treasury Secretary.

Overall, as Trump and Armstrong meet, the outcomes of their discussions could have significant implications for the regulatory landscape of cryptocurrency in the United States.

These moves by President-elect Trump also show that he intends to keep the promises he has made over the past few months, promising to make the US the “crypto capital of the world” and taking into account the major players in the industry when making his decisions.

Don't Miss: Gary Gensler May Resign In Coming Days - What Impact On Crypto?

Featured image from BBC, chart from TradingView.com

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