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Cryptocurrency News Articles

President-Elect Donald Trump Meets Crypto.com CEO Kris Marszalek to Discuss Digital Asset Industry, Bitcoin Reserve

Dec 18, 2024 at 10:44 pm

The meeting focused on crafting a clear regulatory framework for digital assets and bolstering the U.S.'s leadership in crypto innovation.

President-Elect Donald Trump Meets Crypto.com CEO Kris Marszalek to Discuss Digital Asset Industry, Bitcoin Reserve

President-elect Donald Trump met with Kris Marszalek, CEO of Crypto.com, on Monday to discuss digital asset industry topics, including a strategic Bitcoin (BTC) reserve, according to Bloomberg.

The meeting aimed to establish a clear regulatory framework for digital assets and maintain the U.S.'s leadership in crypto innovation, a person familiar with the discussion told the news outlet.

A spokesperson for Crypto.com expressed optimism about working with the administration on these initiatives.

This meeting follows a similar engagement earlier this year when Coinbase (COIN) CEO Brian Armstrong met with Trump to advocate for pro-crypto policies.

The meeting also comes amid rising tensions between the crypto industry and regulators.

Crypto.com recently filed a lawsuit against the SEC after receiving a Wells notice, indicating potential enforcement action.

Shortly after the meeting, Dennis Porter, CEO of SatoshiActFund, confirmed his team's work on a model executive order for the Bitcoin reserve, suggesting serious consideration of the proposal by Trump's team.

Trump has already appointed several crypto-friendly individuals to key roles, including Howard Lutnick as Commerce Secretary and Paul Atkins to lead the SEC.

Venture capitalist David Sacks was also tapped as an advisor on AI and crypto, bypassing calls for a dedicated “crypto czar.”

notably, Trump's family project, World Liberty Financial, is a decentralized finance (DeFi) initiative that recently raised $30 million in funding from entrepreneur Justin Sun.

This meeting signals a strategic alignment between Trump's administration and the crypto sector, with the potential for significant policy changes, including the creation of a Bitcoin reserve.

News source:www.benzinga.com

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