Coinbase CEO Brian Armstrong is set to meet President-elect Donald Trump next Monday. This will be their first meeting since the 2024 elections.
Trump’s Evolving Stance on Crypto
During his first term, Donald Trump was known for his skepticism toward cryptocurrency. However, his views have recently started to evolve, recognizing the potential of the crypto industry. At a Bitcoin conference earlier this year, he proposed the creation of a presidential advisory council on cryptocurrencies to develop clear regulatory guidelines. Meanwhile, Coinbase, under Armstrong's leadership, has actively participated in shaping crypto policy.
Legal Challenges with the SEC
Coinbase has been embroiled in a legal battle with the SEC over the agency's refusal to accept their petition for clearer digital asset rules. In 2022, the company sued the SEC, demanding clarity in crypto industry regulations. The lack of clear rules, according to them, adversely affects businesses and investors.
Potential Changes in Crypto Regulations
The upcoming meeting between Trump and Armstrong could pave the way for changes in U.S. crypto regulations. Under the Biden administration, the SEC has taken a hardline stance toward digital assets, resulting in numerous legal cases against crypto companies.
The meeting between Donald Trump and Brian Armstrong could open up discussions on the future of crypto regulations in the U.S. How regulatory policies concerning digital assets will change remains to be seen.
