President-elect Donald Trump will meet with Brian Armstrong, the CEO of cryptocurrency exchange platform Coinbase, on Monday.
According to According to the Wall Street Journal (WSJ), the meeting, which will be their first interaction since the November 5 presidential election, is expected to focus on staff appointments for the incoming Trump administration.
Trump’s vision for crypto in the US
As Trump continues 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 coming economic agenda, as unveiled during his presidential campaign.
One of the most important promises was that the now 47th President of the United States stated his intention to… presidential advisory council dedicated to cryptocurrency at the National Bitcoin Conference in Nashville earlier this year.
The Republican has also hinted at the possibility to shoot current US Securities and Exchange Commission (SEC) Chairman 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 in recent weeks, as speculation has increased that Gensler could resign in the coming days.
Strive for pro-crypto leadership at important 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 the Trump administration.
However, Trump and Armstrong’s meeting agenda could see the name of Howard Lutnickchairman of asset manager Cantor Fitzgerald and also pro-Bitcoin, who has been proposed for the position of Minister of Finance.
Overall, if Trump and Armstrong meet, the outcomes of their discussions could have significant implications for the cryptocurrency regulatory landscape in the United States.
These steps by newly-elected President Trump also show that he intends to keep the promises he made in recent months, promising to make the US the “crypto capital of the world” and taking into account the key players in the sector in making its decisions.
Featured image from BBC, chart from TradingView.com