Coinbase CEO to Meet with Donald Trump as 2024 Administration Plans Take Shape
19.11.2024 15:30 1 min. read Kostadin Dimitrov
Brian Armstrong, the CEO of Coinbase, is reportedly set to meet with Donald Trump as part of the president-elect’s ongoing process of selecting key figures for his administration.
A recent Wall Street Journal report from November 18 revealed that Armstrong’s meeting with Trump is expected to focus on personnel decisions. Although Armstrong has not made direct contributions to Trump’s 2024 campaign or any related political action committees (PACs), he previously expressed that Coinbase would be open to collaborating with a potential Trump administration.
It remains unclear whether Armstrong or someone from Coinbase will be involved in the new administration, but Trump’s plans for a “Bitcoin and crypto presidential advisory council” have sparked interest.
This initiative, which aims to provide clear regulatory guidance for the crypto industry, was one of Trump’s proposals during his campaign. At the Bitcoin 2024 conference, Trump vowed to implement such a council within his first 100 days in office.
Since securing his election victory on November 6, Trump has begun announcing several potential cabinet appointments, even hinting at bypassing Senate confirmation to expedite the process. As of now, he has not specified who might replace SEC Chairman Gary Gensler, a position he has promised to address on his first day in office.
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