Coinbase CEO Brian Armstrong will meet with President-elect Donald Trump on Monday. The conference, first reported by The Wall Street Journal, is expected to focus on personnel appointments that could shape the future of the crypto industry.
President-elect Trump has made rapid progress in building his cabinet, showing an openness to a tech-savvy and cryptocurrency-friendly persona. Among his recent appointments was Robert F. Kennedy Jr. There are ardent #bitcoin supporters who will take over as Secretary of Health and Human Services, SpaceX CEO Elon Musk and Strave Enterprises co-founder Vivek Ramaswamy. Musk and Lamaswamy were appointed to head the efficiency department of the newly created government. All three have demonstrated a positive attitude towards #cryptocurrencies , indicating a potential shift in the government's handling of digital assets.
However, significant vacancies remain in positions that directly impact the financial and regulatory environment of cryptocurrencies, specifically. The Secretary of the Treasury and the Chairman of the Securities and Exchange Commission (SEC). The personalities chosen for these positions could have serious implications for the #cryptocurrency market.
Howard Lutnick, CEO of Cantor Fitzgerald, has emerged as a potential candidate for Treasury Secretary. Lutek is not only a well-known figure in traditional finance, but also a fierce advocate of bitcoin. His company, Cantor Fitzgerald, served as the custodian of TETHER (USDT), the world's largest stable coin. At the Bitcoin2024 summer conference, Lutnick spoke in defense of Tether's reserves and emphasized that they consist of U. S. Treasury bonds, bitcoin and gold.
A U. S. Treasury Secretary with Lute's experience could herald a friendlier regulatory approach to the entire stable coin and cryptocurrency ecosystem. Tether's role as a cornerstone of cryptocurrency liquidity makes the possibility of Lutnick's appointment a subject of significant interest to the industry.
#Coinbase , the largest cryptocurrency exchange in the U. S.
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