Brian Armstrong to Meet Donald Trump Over Personnel: Report
Coinbase CEO Brian Armstrong is reportedly set to hold a private meeting with President-elect Donald Trump to discuss key personnel appointments.
According to the Wall Street Journal, Trumps transition team facilitated the meeting. It could potentially shape decisions on critical roles that impact the crypto industry, including the Treasury Secretary and the chair of the Securities and Exchange Commission (SEC).
Cryptos Role in Cabinet Appointments
Trump has already demonstrated a clear interest in involving crypto-friendly people in his administration, including recent appointees such as Robert F. Kennedy as Secretary of Health and Human Services and Elon Musk and Vivek Ramaswamy to lead a proposed Department of Government Efficiency (D.O.G.E.).
Given his election promises to the crypto community, whose financial muscle helped fill Congress with allies, Trumps pending picks for Treasury and the SEC are of great interest.
While it is still unclear if Armstrong will play a direct role in the new administration, there is speculation that he may have been roped in to help decide on the list of candidates for the coveted position, which now reportedly includes Tennessee Senator Bill Haggerty, economic policy advisor Kevin Warsh, investor Scott Bessent, and Apollo Global Management CEO Marc Rowan.
Howard Lutnick, CEO of global financial services firm Cantor Fitzgerald and a known Bitcoin advocate, is also rumored to be a top candidate for the Treasury Secretary position.
Reports suggest that Coinbase has facilitated discussions between Lutnick and Armstrong as part of Trumps transition planning, potentially strengthening the crypto industrys ties with the upcoming administration.
However, it has also emerged that Lutnicks aggressive lobbying for the Treasury post may have rubbed some of Trumps advisors the wrong way, leading to a reconsideration of potential alternatives.
Coinbases Political Activism
Armstrong has been vocal about pro-crypto appointments to Trumps cabinet, including a recent endorsement of SEC Commissioner Hester Peirce to lead the regulatory agency.
His public utterances are in line with Coinbases financial commitments during the just-ended election cycle. The exchange is said to have donated more than $100 million to political action committees (PACs), including $40 million to Fairshake.
Although he did not directly contribute to Trumps campaign, Armstrong has shown great support for several of the President-elects policy initiatives, including D.O.G.E., a stance some have interpreted as the crypto executives willingness to work with the incoming government.
The post Brian Armstrong to Meet Donald Trump Over Personnel: Report appeared first on CryptoPotato.
Read more: https://cryptopotato.com/brian-armstrong-to-meet-donald-trump-over-personnel-report/
Text source: CryptoPotato
