Trump is set to hold a private meeting with the CEO of Coinbase.
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Donald Trump plans to meet with Coinbase CEO Brian Armstrong to discuss appointments for his second term in office. Before the election, Coinbase contributed more than $100 million to political action committees, mainly supporting initiatives supported by the crypto industry.
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According to a report by the Wall Street Journal, Donald Trump is set to meet with Coinbase CEO Brian Armstrong today to discuss possible appointments for his incoming administration.
This is the first meeting between the two since Trump won the election and shows the president-elect's evolving stance on crypto.
At the Bitcoin conference earlier this year, Trump promised to establish a Bitcoin and crypto presidential advisory council focused on creating a clear regulatory framework if elected.
Armstrong also endorsed the Trump administration's nominations, endorsing SEC Commissioner Hester Peirce on X as the “best choice” to lead the Securities and Exchange Commission.
Coinbase, under Armstrong's leadership, was a major political donor in the recent election cycle, contributing more than $100 million to various political action committees.
Most of the crypto industry-backed PAC, which invested more than $40 million in congressional candidates, went to Fairshack, according to Federal Election Commission files and OpenSecrets data.
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