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Crypto.com's Chris Marszalek sat down with Donald Trump to discuss potential crypto appointments and the issue of Bitcoin reserves. The Trump administration has appointed multiple crypto advocates to key financial positions.
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According to a new report from Bloomberg, President-elect Donald Trump met with Crypto.com CEO Chris Marszalek at his Mar-a-Lago, Florida, mansion on Monday to discuss the cryptocurrency industry and BIT. They discussed appointments related to the coin reserve, sources said. conversation.
The meeting also addressed candidates for the Treasury Department, Congress and the next administration, the report said.
A spokesperson for Crypto.com told Bloomberg: “We look forward to working with the new administration to develop and advance clear regulations for the crypto industry so that the United States can become a global leader in digital assets and innovation. “There is,” he said.
This was the latest meeting between President Trump and key figures in the US crypto business. According to a report in Fortune, the president-elect spoke on the phone with Coinbase CEO Brian Armstrong last month to discuss broader cryptocurrency topics.
The meeting comes as President Trump's transition team is expected to announce his appointment as chairman of the Commodity Futures Trading Commission (CFTC). This role is one of the key appointments that have been highlighted following the appointment of Paul Atkins as SEC Chairman.
Trump, once a Bitcoin skeptic, has embraced cryptocurrencies and proposed ideas such as a Cryptocurrency Advisory Board and a Strategic Bitcoin Reserve.
In addition to the innovation advocate Atkins, Trump has nominated several cryptocurrency advocates to key positions, including Cantor Fitzgerald LP's Howard Lutnick as secretary of commerce and Scott Bessent as secretary of the treasury. Venture capitalist David Sachs has been appointed as an advisor on both artificial intelligence and cryptocurrencies.
It is hoped that the new leadership will be able to reverse the aggressive regulatory actions taken under current SEC Chairman Gary Gensler.
Crypto.com recently filed legal action against the SEC after receiving a Wells Notice indicating the SEC's intent to take enforcement action against the company.
In a lawsuit filed on October 8, Crypto.com alleges that the SEC overstepped its legal authority by asserting jurisdiction over nearly all crypto assets. The company argues that the SEC's classification of most cryptocurrency transactions as securities is inconsistent and lacks a proper legal basis, particularly as it excludes Bitcoin and Ethereum from this classification. are.
In parallel with this lawsuit, Crypto.com filed petitions with both the SEC and the CFTC seeking clarification on which agencies should regulate certain crypto derivative products.
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