Trump to Meet Coinbase CEO Armstrong: Discussing Key Appointments and Crypto Policy
The post Trump to Meet Coinbase CEO Armstrong: Discussing Key Appointments and Crypto Policy appeared on BitcoinEthereumNews.com.
TLDR: Trump and Coinbase CEO Brian Armstrong to meet privately to discuss personnel appointments Armstrong previously donated $49 million to crypto-focused PAC Fairshake Trump plans to establish a Bitcoin and crypto presidential advisory council within 100 days if elected Armstrong publicly supported Hester Peirce as potential SEC chair Coinbase has already pledged $25 million for 2026 pro-crypto candidates President-elect Donald Trump is set to meet with Coinbase CEO Brian Armstrong to discuss personnel appointments for his upcoming administration, marking their first meeting since Election Day. The meeting comes at a crucial time as Trump works to fill cabinet positions and other senior roles in his administration. Earlier this year, during his appearance at the annual bitcoin conference, Trump announced his intention to create a bitcoin and crypto presidential advisory council, should he win the presidency. Armstrong’s involvement in political matters has increased substantially over recent years. The Coinbase CEO has been particularly vocal about potential appointments to key regulatory positions. Recently, he publicly endorsed Hester Peirce, a Trump SEC commissioner, as his preferred choice for SEC chair through social media platform X. The financial backing from Coinbase and Armstrong in political matters has been substantial. Together, they provided at least $49 million to Fairshake, a crypto industry-funded Political Action Committee (PAC), and its affiliated organizations. These PACs collectively spent $131 million during the 2024 election cycle, according to Federal Election Commission filings and OpenSecrets data. Prior to the election, Armstrong indicated that Coinbase was prepared to work with either administration, showing flexibility in the company’s approach to political engagement. This stance marked a departure from his 2020 position, when he had maintained that Coinbase would not support specific causes or candidates unrelated to the company’s mission. The evolution of Armstrong’s political engagement appears linked to increased regulatory scrutiny of the…
Filed under: News - @ November 19, 2024 12:21 pm