President-elect Donald Trump may be preparing to nominate Coinbase CEO Brian Armstrong for a position in the new administration.
According to sources from the Wall Street Journal, President-elect Donald Trump is preparing to have a private meeting with Coinbase CEO Brian Armstrong, with the topic of appointing a position in the new administration.
It is still unclear what position Trump is considering for Armstrong or Coinbase employees. However, this could be part of the new President’s commitment to supporting the cryptocurrency industry that he made during his campaign a few months ago.
At the Bitcoin Conference in July, in addition to statements such as firing SEC Chairman Gary Gensler, establishing a national Bitcoin reserve fund and making the United States the crypto capital of the world, Mr. Trump mentioned forming a White House cryptocurrency advisory board.
Since his election, Mr. Trump has continuously made statements appointing officials in the new administration, notably the establishment of the Department of Government Efficiency (DOGE) as proposed by billionaire Elon Musk and appointing him as its head.
Trump has not yet announced a candidate for the position of Chairman of the US Securities and Exchange Commission (SEC), with the current Chairman, Mr. Gary Gensler, certainly not holding the position in the new administration. However, the US media has compiled a list of potential names with a pro-cryptocurrency stance.
In addition, another influential position, the Secretary of the Treasury, is still small, with the most rumored name being Howard Lutnick, CEO of Cantor Fitzgerald, a company that is custody of a large amount of treasury bills for the stablecoin company Tether, who has in the past voiced support for Bitcoin and USDT.
Leaders of several other cryptocurrency companies and projects including Ripple CEO Brad Garlinghouse and Cardano founder Charles Hoskinson were also reported to have approached the new administration to discuss cryptocurrency policy.
