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The intersection of cryptocurrency and politics is growing increasingly pronounced as President-elect Donald Trump’s transition team engages with prominent figures in the crypto industry and explores significant moves within the sector. In recent developments, Coinbase CEO Brian Armstrong is set to meet with Trump to discuss potential personnel appointments, while Trump Media and Technology Group is reportedly in advanced talks to acquire Bakkt Holdings, a cryptocurrency exchange owned by Intercontinental Exchange.  Coinbase CEO Brian Armstrong to Meet President-elect Donald Trump Amid Crypto-Friendly Appointments Coinbase CEO Brian Armstrong is scheduled to meet with President-elect Donald Trump on Monday. The meeting, first reported by The Wall Street Journal, is expected to focus on “personnel appointments” that could shape the future of the crypto industry. President-elect Trump has made rapid progress in assembling his cabinet, demonstrating an openness to tech-savvy and crypto-friendly figures. Among his recent appointees are Robert F. Kennedy Jr., a vocal supporter of bitcoin, who will serve as Secretary of Health and Human Services; SpaceX CEO Elon Musk; and Vivek Ramaswamy, co-founder of Strive Enterprises. Musk and Ramaswamy have been tapped to lead the newly created Department of Government Efficiency. All three have demonstrated a positive stance toward cryptocurrencies, signaling a potential shift in how the government engages with digital assets. However, critical vacancies remain, particularly for positions with a direct influence on the financial and regulatory environment for cryptocurrencies: Treasury Secretary and Chair of the Securities and Exchange Commission (SEC). The individuals chosen for these roles could have profound implications for the crypto market. Howard Lutnick, CEO of Cantor Fitzgerald, has emerged as a potential candidate for Treasury Secretary. Lutnick is not only a prominent figure in traditional finance but also a vocal advocate for bitcoin. His firm, Cantor Fitzgerald, has acted as a custodian for Tether (USDT), the…

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Filed under: News - @ November 19, 2024 2:27 pm