🔥 Trump's Private Meeting with Coinbase CEO Sparks Heated Discussions in the Community!
This Monday, Coinbase CEO Brian Armstrong held a private one-on-one meeting with former President Trump. While the agenda and details of the meeting were not disclosed in advance, it garnered widespread attention in the industry.
Notably, although Armstrong emphasized that his company has invested nearly $50 million in supporting candidates with pro-cryptocurrency policies, he has maintained neutrality in this U.S. election. He stated that he is willing to discuss regulatory issues with the government regardless of whether Trump or Harris is elected.
Some believe that as the CEO of a cryptocurrency exchange facing the strictest regulations, Armstrong's neutral stance is understandable.
The core topics of the closed-door meeting included potential appointments to the leadership of the SEC and CFTC, two key financial regulatory agencies, as well as the possible implications of these appointments on cryptocurrency regulation.
Additionally, the discussions covered the lawsuit initiated by SEC Chairman Gary Gensler and the uncertainty surrounding SEC regulation following Gensler's imminent departure. Potential candidates for CFTC leadership, such as Summer Mersinger and Josh Sterling, were also part of the discussions. Overall, this meeting highlighted the urgent need for regulatory transparency and clarity in the cryptocurrency industry.
Speaking of Trump, we must mention his remarks at the 2024 Bitcoin Conference. At that time, he promised to create a dedicated Bitcoin and cryptocurrency advisory board for the presidency, responsible for providing transparency regarding cryptocurrency regulation and references and suggestions for laws and regulations. This plan is expected to be implemented within the first 100 days of Trump's administration, likely around March or April of next year.
For us, what kind of cryptocurrency regulatory framework the Trump administration will propose is undoubtedly a matter of great concern. This not only relates to the future of the cryptocurrency market but also affects the decisions of every single investor. Let us wait and see what kind of transformation will arise from this intersection of industry regulation and technology.
