US President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at his Mar-a-Lago home to discuss potential policies affecting the cryptocurrency sector.
In a post on X on December 16, Marczalek announced that he was traveling to Florida to meet with Trump. The meeting reportedly covered the president-elect’s proposal to create a national Bitcoin reserve (BTCUSD) and executive appointments related to the cryptocurrency industry.
The meeting coincided with Crypto.com dropping its lawsuit against the U.S. Securities and Exchange Commission (SEC). In a document filed on Dec. 16 in federal court for the Eastern District of Texas, the company decided to voluntarily withdraw its lawsuit against the SEC and its commissioners.
After the company received the Wells notice — warning of potential enforcement action — Marszalek announced in October that the company would file a lawsuit to protect the future of cryptocurrencies. A Crypto.com spokesperson told Cointelegraph that the company withdrew the lawsuit because it wanted to work with the incoming administration to establish a regulatory framework for the sector.
Since winning the US presidential election on November 5, Trump has proposed changes that signal his intention to nominate figures who support the cryptocurrency industry. He also launched his own crypto project, World Liberty Financial, ahead of the election.
In addition to meeting with Marszalek, Trump held talks with Coinbase CEO Brian Armstrong in November to discuss management appointments. Since then, Trump has announced that he has tapped former PayPal CEO David Sachs to lead artificial intelligence and cryptocurrency, and nominated former SEC Commissioner Paul Atkins to head the SEC.
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