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As Trump continues to finalize his cabinet and appoint senior officials, he reportedly scheduled a Monday meeting with the Coinbase CEO Brain Armstrong.
This marks the duo’s first meeting since Election Day, the Wall Street Journal is reporting. People familiar with the matter are cited as telling the publisher Trump and Armstrong will discuss personnel appointments for his second administration.
This comes as the SEC chairmanship and Treasury Secretary positions remain unfilled, as the businessman weighs up his options.
Brian Amstrong has been vocal throughout the election, with cryptocurrency being his main consistent topic of conversation. He declared the US Election “a huge win for crypto” as he penned an article on X detailing the several reasons why.
Trump to decide on personnel picks as he reportedly discusses with Coinbase CEO
Trump is reported to be meeting with candidates for Treasury Secretary later this week, with Kevin Warsh, Marc Rowan, Scott Bessent, and Howard Lutnick all being the most prominent names circulating for this position.
On November 16, Elon Musk said it would be interesting to hear more people weigh in on the candidates for the above role in an X post. This is where he said Howard Lutnick would “actually enact change.” He said this was needed as “Business-as-usual is driving America bankrupt, so we need change one way or another.”
As for the SEC Chair, this role will be critical when it comes to shaping and approaching the regulatory landscape for cryptocurrency. Hester Peirce and Dan Gallagher are two potential contenders.
The Coinbase CEO has previously been critical of the SEC Chair and has stated there should be a shake-up in the leadership of the body. He shared a screenshot in October of what he believes are conflicting statements from the SEC and added: “The next SEC chair should withdraw all frivolous cases, and issue an apology to the American people. It would not undue the damage done to the country, but it would start the process of restoring trust in the SEC as an institution.”
The next SEC chair should withdraw all frivolous cases, and issue an apology to the American people.
It would not undue the damage done to the country, but it would start the process of restoring trust in the SEC as an institution. pic.twitter.com/kWVx73vYMs
— Brian Armstrong (@brian_armstrong) October 29, 2024
Throughout his campaign, Donald Trump focused on cryptocurrency and put this at the forefront. He even promised to make the U.S. the “global crypto capital.”
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