President-elect Donald Trump is scheduled to meet with Brian Armstrong, CEO of cryptocurrency exchange Coinbase, on Monday.
According to According to the Wall Street Journal, the meeting, which will be their first interaction since the November 5 presidential election, is expected to focus on staff appointments in the incoming Trump administration.
Trump’s vision for cryptocurrencies in the United States
As Trump works to finalize his cabinet and top positions, his evolving stance on cryptocurrency has become a prominent aspect of his leadership approach and a key to his upcoming economic agenda, as revealed during his presidential campaign.
Among the major promises, the forty-seventh president of the United States has now expressed his intention to create Presidential Advisory Council Dedicated to cryptocurrencies during the National Bitcoin Conference in Nashville earlier this year.
The Republican has also hinted at the possibility of that happening fire The current head of the US Securities and Exchange Commission (SEC), Gary Gensler, sees the move as key to a new regulatory framework for cryptocurrencies that could lead to greater adoption and new investment vehicles in the country.
This has been a notable theme among investors over recent weeks, as speculation has mounted that Gensler may resign in the coming days.
Aims for pro-crypto leadership in key appointments
Armstrong has already made his preferences known regarding key organizational appointments. He has publicly endorsed crypto advocate Hester Peirce, the current SEC commissioner, as the ideal candidate to lead the SEC under the Trump administration.
However, the agenda for the Trump-Armstrong meeting could include a name Howard LutnickAsset Management Chairman Cantor Fitzgerald and also a Bitcoin supporter, has been put forward for the position of Treasury Secretary.
Overall, when Trump and Armstrong meet, the outcomes of their discussions could have major implications for the cryptocurrency regulatory landscape in the United States.
These moves by President-elect Trump also show that he intends to deliver on the promises he has made over the past few months, promising to make the United States the “crypto capital of the world” while taking into account major players in the industry when making the decision. His decisions.
Featured image from BBC, chart from TradingView.com