Brian Armstrong, CEO of Coinbase, may meet with Donald Trump to discuss potential staff appointments in the president-elect's administration.
Trump's Plans for Cryptocurrency
According to a Wall Street Journal report from November 18, Trump intends to discuss staff appointments with Armstrong. During his campaign, Trump stated he would establish a 'Bitcoin and crypto presidential advisory council' to develop regulatory guidance within 100 days of taking office.
Armstrong's Political Positions
In 2020, Armstrong stated that Coinbase would not support any political movements. However, starting in 2023, his stance shifted. After receiving investigation notices from the SEC, he publicly called for electing pro-crypto candidates.
Impact on Upcoming Elections
Coinbase and Armstrong have been actively supporting Republican candidates. In 2024, they invested around $46 million in the Fairshake PAC to promote pro-crypto candidates.
The anticipated meeting with Trump could significantly shape U.S. crypto policy if Armstrong becomes part of the administration.
