Coinbase CEO Joins Donald Trump for Talks on Personnel Picks in Upcoming Admin

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Author Profile

Share

Copied

Last updated: 

November 18, 2024

Why Trust Cryptonews

Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews

President-elect Donald Trump reportedly scheduled a Monday meeting with Coinbase CEO Brian Armstrong to discuss personnel appointments for his new administration.

His meeting with Armstrong marks their first since the US Election Day, the Wall Street Journal reported. It comes as Trump focuses on finalizing his cabinet and appointing senior officials.

Coinbase didn’t return Cryptonews’ request for comment by press time.

Musk, Ramaswamy Headline Trump Appointments as Treasury and SEC Candidates Emerge

Trump has recently been focused on selecting key leaders for his new administration. He appointed Elon Musk and Vivek Ramaswamy to co-lead the newly formed Department of Government Efficiency (DOGE).

Further, speculation is growing around the SEC chairmanship, a role critical to shaping the regulatory landscape for financial and cryptocurrency markets. “Crypto mom” Hester Peirce and Robinhood legal chief Dan Gallagher are viewed as potential contenders to replace Gary Gensler.

Meanwhile, Trump is reportedly set to meet candidates for Treasury Secretary at Mar-a-Lago later this week. Fed Reserve governor Kevin Warsh and billionaire Marc Rowan are among those under consideration.

Trump Pushes for US Leadership in Cryptocurrency and Blockchain

Once a crypto skeptic, Trump has become a strong advocate for the industry. Back in July at the Bitcoin 2024 conference, he outlined his vision for a crypto-friendly America under his leadership.

Specifically, he announced plans to establish a crypto industry presidential advisory council to include experts and supporters, aiming to promote growth and innovation in the sector.

This council would seek to create regulations that foster innovation and growth in the crypto sector, guided by industry enthusiasts. Further, Trump has said he aims to make the US the world’s “crypto capital,” signaling a big shift toward supporting digital currencies and blockchain.