Coinbase CEO Brian Armstrong will meet with President-elect Donald Trump to discuss potential appointments for key government roles, according to a report from The Wall Street Journal. The decisions are likely to impact the crypto industry, with roles such as Treasury Secretary and the SEC chair still open.
Crypto-Friendly Appointments in Trump’s Cabinet
Over the past week, Trump has made notable appointments, bringing in figures supportive of cryptocurrency. Former presidential candidate Robert F. Kennedy, known for his pro-bitcoin stance, has been selected as Secretary of Health and Human Services. Additionally, Elon Musk and Vivek Ramaswamy were chosen to lead the Department of Government Efficiency. These appointments signal a government that may be more receptive to crypto innovations.
Treasury Secretary and SEC Chair: Big Decisions Ahead
The crypto sector is eagerly watching Trump’s decision on two key roles: Treasury Secretary and SEC chair. Howard Lutnick, CEO of Cantor Fitzgerald and a prominent bitcoin advocate, is a top candidate for Treasury Secretary. Cantor Fitzgerald has managed assets for Tether, the leading stablecoin, which holds reserves in U.S. Treasuries, bitcoin, and gold. Lutnick’s support for Tether highlights his alignment with crypto interests.
Coinbase and Trump’s Transition Team
Coinbase, along with Armstrong, is reportedly working with Trump’s transition team to facilitate discussions with Lutnick, indicating a strong push from the crypto community to influence these appointments. According to The New York Times, Ripple CEO Brad Garlinghouse and executives from Circle have also been in contact with Trump’s team, underlining the industry’s deep interest in the new administration’s stance on crypto regulation.
Conclusion
As Armstrong prepares for his meeting with Trump, the crypto industry is watching closely. Appointments to roles like Treasury Secretary and SEC chair will shape the future of digital assets in the U.S., and the involvement of crypto leaders suggests a more favorable regulatory environment might be on the horizon.
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Disclosure: This article is for educational purposes only and does not constitute investment advice.