- Trump’s Plans to create a “Crypto Advisory Council” signal a push for clearer Crypto regulations.
- Armstrong, Coinbase CEO, may influence key crypto regulatory appointments, including SEC leadership.
President-elect Donald Trump will meet Coinbase CEO Brian Armstrong to discuss crypto regulations and leadership roles. Trump aims to create a “Crypto Advisory Council” to promote the industry. Armstrong will likely influence key decisions, including who might replace SEC Chair Gary Gensler.
As a result This meeting could have a major impact on the future of cryptocurrency in the United States.
Why the Meeting Matters
As the Wall Street Journal reported, Trump met with the CEO of Coinbase. Trump has shown a growing interest in cryptocurrency. During his election campaign, he promised to create a “Bitcoin and Crypto Presidential Advisory Council” within his first 100 days in office. This council would aim to bring clear rules to the crypto industry and help the U.S. become a leader.
Armstrong, who has recently been outspoken about the need for better crypto regulations on D.O.G.E, is expected to share his views during the meeting. His role in this conversation could influence Trump’s decisions about who will lead regulatory agencies like the Securities and Exchange Commission (SEC).
New Leadership for Crypto Regulations?
Trump has made it clear he plans to fire current SEC Chair Gary Gensler. Whom many in the crypto industry see as a roadblock to progress. Armstrong has suggested Hester Peirce, a pro-crypto advocate nicknamed “Crypto Mom,” as a good choice to lead the SEC.
Other names, like Howard Lutnick, a Bitcoin supporter and asset manager. Which is considered for important roles like that of a Treasury Secretary. These decisions could shape how the U.S. handles cryptocurrency in the coming years.
Under Armstrong, Coinbase has been actively supporting pro-crypto candidates in elections. The company has donated millions to campaigns and political action committees (PACs) to back leaders who favour clear and fair crypto regulations.
In result the meeting between Trump and Armstrong could start big changes in how cryptocurrency is regulated in the U.S. If Trump follows through on his promises, the country might see rules that make it easier to innovate and invest in digital assets.
As a result this could be a huge win for the crypto industry, helping the U.S. become a global leader in the space.
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Source: https://thenewscrypto.com/trump-and-coinbase-ceo-meet-to-shape-crypto-regulations/