Crypto.com has dropped its lawsuit against the U.S. Securities and Exchange Commission (SEC) following a meeting between CEO Kris Marszalek and President-elect Donald Trump at his Mar-a-Lago residence. This meeting, part of a series of discussions with tech and digital asset industry leaders, focused on appointments within the crypto sector, including key positions in financial departments and Congress, and the potential for a Bitcoin strategic reserve. The meeting coincided with Crypto.com's decision to withdraw its case against the SEC, with the aim of aligning with the incoming administration's regulatory stance on digital assets. Marszalek’s move follows a similar engagement by Coinbase CEO Brian Armstrong, who expressed a desire for clear regulations to foster the U.S. as a leader in the digital asset space. Trump has shown strong support for the crypto industry, appointing pro-crypto figures to influential roles, including Howard Lutnick as Commerce Secretary and Paul Atkins as SEC Chair. Additionally, Trump is advancing his own crypto project, World Liberty Financial, focusing on decentralized finance. This development highlights the growing influence of the crypto sector within U.S. policy and the regulatory landscape.
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