Donald Trump

Brian

Coinbase CEO Brian Armstrong is set to meet with President-elect Donald Trump. This meeting, scheduled for next Monday, according to a&nbsp;<a style="text-decoration:none" href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp500-nasdaq-live-11-18-2024/card/exclusive-trump-to-meet-privately-with-coinbase-ceo-brian-armstrong-DDkgF0xW1BW242rVeuqx">report</a> by the Wall Street Journal on Nov. 18.&nbsp;
The discussion will reportedly center around staffing appointments for Trump’s second administration and the future of cryptocurrency regulations in the U.S.
&nbsp;
The meeting marks the first time the two will meet since the 2024 elections. While the precise details of the conversation remain unclear, it is expected to cover important topics impacting the regulatory landscape for digital assets in the United States.
<h2 dir="ltr" id="span-span-trump-s-evolving-stance-on-crypto-span-span">Trump’s Evolving Stance on Crypto</h2>
During his first term, Donald Trump was known for his skepticism toward cryptocurrency, but his views appear to have evolved significantly. Trump now seems to recognize the potential of the cryptocurrency industry.&nbsp;
&nbsp;
At a Bitcoin conference earlier this year, he suggested the creation of a presidential advisory council on cryptocurrencies, tasked with designing clear and transparent regulatory guidelines.
&nbsp;
On the other hand, Coinbase, under Armstrong’s leadership, has been a powerful voice in the cryptocurrency world.&nbsp;
&nbsp;
Armstrong has made his views on crypto regulation clear, particularly in his public endorsement of Hester Peirce as the next chair of the U.S. Securities and Exchange Commission (SEC). Peirce, a current SEC commissioner, has been a more crypto-friendly figure within the regulatory body, and Armstrong believes she would be the best choice to lead the agency.
&nbsp;
Coinbase has also been actively engaged in shaping policy, contributing significant funds to political action committees (PACs). Armstrong and Coinbase combined to donate at least $49 million to the Fairshake PAC, which focuses on supporting candidates who favor cryptocurrency-friendly policies.&nbsp;
&nbsp;
The company has also announced to&nbsp;<a style="text-decoration:none" href="https://x.com/brian_armstrong/status/1851729070171811910">pledge $25 million</a> to support the election of pro-crypto candidates in the upcoming 2026 U.S. midterms.
<h2 dir="ltr" id="span-span-legal-challenges-with-the-sec-span-span">Legal Challenges with the SEC</h2>
Coinbase has been embroiled in a legal battle with the SEC, which has been criticized for its strict stance on cryptocurrency.
&nbsp;
In 2022,&nbsp;<a style="text-decoration:none" href="https://www.reuters.com/legal/us-sec-coinbase-clash-court-over-crypto-rulemaking-2024-09-23/#:~:text=Coinbase%2C%20the%20largest%20U.S.%20crypto,rulemaking%20Coinbase%20filed%20in%202022.">Coinbase sued the SEC</a> after the agency rejected its petition to introduce clearer rules for digital assets. The lawsuit seeks to compel the SEC to provide regulatory clarity for the crypto industry, which has faced increasing uncertainty in recent years.
&nbsp;
Coinbase argues that the lack of clear rules has created a disadvantage for businesses and investors alike, stifling innovation and growth in the sector.&nbsp;
&nbsp;
Trump’s upcoming meeting with Armstrong could represent an opportunity to address these issues and chart a new course for crypto regulation. Under the Biden administration, the SEC has taken a hardline approach toward digital assets, resulting in numerous legal cases against crypto companies.&nbsp;

Coinbase CEO Brian Armstrong to Meet President-Elect Trump Over Possible Crypto Regulation

Table of Contents

BSCN

Other articles published on Nov 27, 2024

Missed the Early Bonk Frenzy? BTFD Coin Is the Meme Coin Primed for Explosive Gains

MicroStrategy Stock Crashes 33%: Is Its Bitcoin Strategy Failing?

Bitwise Submits S-1 Filing for ETF Holding Bitcoin and Ether

Didn’t Jump on the Bonk Bandwagon? BTFD Is the Meme Coin You Can’t Afford to Miss

Gary Gensler’s Departure and Its Impact on Crypto

Aventus Introduces Blockchain Factory for Effortless Enterprise Blockchain Adoption (27 Nov)

Join our free newsletter for daily crypto updates!