President-elect Donald Trump is scheduled to fulfill with Brian Armstrong, the CEO of cryptocurrency trade platform Coinbase, on Monday.
According to the Wall Street Journal (WSJ), the assembly, which might be their first interplay because the presidential election on November fifth, is anticipated to deal with personnel appointments for Trump’s upcoming administration.
Trump’s Vision For Crypto In The US
As Trump works to finalize his cupboard and senior positions, his evolving stance on cryptocurrency has grow to be a notable facet of his management strategy and key to his upcoming financial agenda, as revealed throughout his presidential marketing campaign.
Related Reading: Coinbase CEO Backs DOGE – A Catalyst For Economic Freedom In The US
Among key guarantees, the now forty seventh President of the United States expressed his intention to create a presidential advisory council devoted to cryptocurrency through the National Bitcoin Conference in Nashville earlier this yr.
The Republican has additionally hinted at the opportunity of firing the present chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, as he sees the transfer as key to a brand new regulatory framework for cryptocurrencies that might result in additional adoption and new funding autos within the nation.
This has been a notable matter amongst buyers over the previous weeks, as hypothesis has grown that Gensler could resign within the coming days.
Aiming For Pro-Crypto Leadership In Key Appointments
Armstrong has already made his preferences identified relating to key regulatory appointments. He publicly endorsed pro-crypto Hester Peirce, a present commissioner on the SEC, as the best candidate to steer the SEC beneath Trump’s administration.
However, Trump and Armstrong’s assembly agenda might see the identify of Howard Lutnick, chairman of asset supervisor Cantor Fitzgerald and likewise pro-Bitcoin, who has been floated for the place of Treasury Secretary.
Related Reading: Strategic Bitcoin Reserve Plan Unveiled By Polish Presidential Contender
Overall, as Trump and Armstrong meet, the outcomes of their discussions might have important implications for the regulatory panorama of cryptocurrency within the United States.
These strikes by President-elect Trump additionally present that he intends to maintain the guarantees he has revamped the previous few months, promising to make the US the “crypto capital of the world” and taking into consideration the foremost gamers within the business when making his choices.
The 1D chart reveals BTC’s value consolidating above $90,000. Source: BTCUSDT on TradingView.com
Featured picture from BBC, chart from TradingView.com
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