Coinbase CEO Brian Armstrong To Meet With Trump To Discuss Personnel Appointments, Says WSJ

Coinbase CEO Brian Armstrong will meet with US President-elect Donald Trump as he continues to announce staff picks for his administration and government department heads, the Wall Street Journal (WSJ) reported.

The incoming US President plans on meeting privately with Armstrong to discuss potential personnel appointments, according to the Nov. 18 report. 

Coinbase Adds New Board Members to Influence U.S. Crypto Policy

Brian Armstrong And Coinbase Prepared To Work With Trump Administration

Armstrong does not appear to have donated directly to Trump’s 2024 campaign or any political action committees (PACs) directly supporting the Republican. Prior to the US presidential election, however, the Coinbase CEO did say that the leading US exchange platform would be prepared to work with a Trump administration.

Earlier this year at the Bitcoin 2024 Conference, Trump made an appearance and said that he plans on establishing a “Bitcoin and crypto presidential advisory council.” This council, once formed, would be tasked with designing “transparent regulatory guidance for the benefit of the entire industry” within 100 days of taking office, the then-candidate said at the event.

There has been no indication yet that Armstrong or another Coinbase employee might enter into a role in the new administration. 

Armstrong Calls DOGE A “Once In A Lifetime Opportunity”

Although he has been fairly quiet on the political front, Armstrong did express his support for the proposed Department of Government Efficiency (DOGE) that Trump is trying to form.  In a Nov. 17 X post, the Coinbase CEO called the initiative a “once in a lifetime opportunity” to “cut the size of government back to health” and “increase economic freedom” in the United States.

While DOGE still needs approval from Congress to become a government department, Trump has announced that Tesla founder Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy will lead the initiative to “dismantle Government Bureaucracy.”

Related Articles:

  • MicroStrategy Prepares For $1.75B Raise To Buy More Bitcoin Less Than 24 Hours After Latest $4.6B Purchase Disclosure
  • Meme Coin Mania Fires Solana Apps To Record Fees And Revenues
  • Pepe Price Prediction: PEPE Soars 64% In A Week As Investors Rush To Buy Pepe Unchained Before It’s Too Late

Comments

Post a Comment

Popular posts from this blog

Bitcoin, Ethereum Technical Analysis: BTC, ETH Lower, Ahead of Key Week of US Economic Data

Image
Bitcoin fell below $23,000 on Jan. 31, following a recent move to a five-month high over the weekend. Market volatility has since increased, as traders prepare for a big few days of economic data from the United States. The conference board will release its consumer confidence report later today, with the Federal Reserve holding its policy meeting on Wednesday. Ethereum also moved lower today. Bitcoin Bitcoin (BTC) retreated from a recent five-month high on Tuesday, with prices falling below the $23,000 mark in today’s session. BTC/USD fell to a low of $22,657.58 earlier in the day, less than 24 hours after hitting a high at $23,296.53. The move comes as traders appear to have secured gains from recent surges in price, and ahead of the upcoming Federal Reserve policy decision. BTC/USD – Daily Chart As can be seen from the chart, today’s drop saw BTC move closer to a price floor at $22,500, with the relative strength index (RSI) hitting a floor of its own. Cur...
Read more

U.S. politician takes suspicious crypto trading to the next level

Image
Though Congressional stock trading has been pervasive for decades to the point that the STOCKS Act was implemented to prevent politicians from investing based on information they receive thanks to their official roles, 2024 brought a new development to the trend: cryptocurrency trading. By press time on January 3, 2025, the most interesting and suspicious example came in the form of a series of meme coin purchases executed by Representative Mike Collins, Georgia’s 10th congressional district. Since December 1, 2024, Collins has bought up to $45,000 of a token called Ski Mask Dog (SKI), arguably helping the minor digital asset skyrocket in value. Picks for you Trading expert predicts Bitcoin and Ethereum prices for this ‘cycle top’ 43 mins ago ...
Read more

Ethereum censorship concerns raised amid rising OFAC compliance

Image
More and more Ethereum blockchain operators have complied with sanctions from the OFAC, raising censorship concerns among decentralization proponents and network participants. Toni Wahrstätter, an Ethereum researcher, noted that five of the six largest block builders on Ethereum’s blockchain actively censor certain transactions in line with the Treasury Department’s Office of Foreign Assets Control (OFAC) directives.  Most of these censor ed transactions originate from decentralized mixer Tornado Cash, according to Wahrstätter, a protocol blacklisted by the Treasury Department due to its use by bad actors, including the North Korean hacker organization Lazarus. New dashboard online – https://t.co/1Pnbe14NLG May it shed light onto the extent of censorship and guide us towards implementing practical solutions for enshrining a strong form of censorship resistance. More info pic.twitter.com/zyau9L3W1h — Toni Wahrstätter (@nero_eth) September 26, 2023 Wahrstätter’s resea...
Read more