President-elect Donald Trump plans to meet with Coinbase CEO Brian Armstrong to discuss future policy directions for cryptocurrencies, according to a report from the Wall Street Journal 📰.
This is the first meeting between the two parties since Trump won the election 🗳️, and shows a noticeable change in his position on digital currencies 💰, after his pledge earlier this year to create a presidential advisory council on cryptocurrencies to develop clear regulatory policies 📜.
For his part, Armstrong expressed his support for some of the names being put forward for positions in the Trump administration, praising Hester Peirce, Commissioner of the Securities and Exchange Commission, as an ideal candidate to chair the committee.
These discussions come amid Coinbase's growing political influence, with the company allocating over $100 million during the last election to support candidates with pro-crypto policies 💸, including $40 million through the Fairshake political action committee 🏦.
The expected meeting will focus on establishing a clearer regulatory and strategic framework for the cryptocurrency industry 🚀, which is growing rapidly 📈 and becoming increasingly important economically and politically 🌐.
