Key Takeaways
- Donald Trump plans to meet with Coinbase CEO Brian Armstrong to discuss potential appointments for his second administration.
- Coinbase contributed more than $100 million to political action committees before the election, primarily supporting crypto industry-backed initiatives.
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Donald Trump is set to meet with Coinbase CEO Brian Armstrong today to discuss potential appointments for his upcoming administration, according to a report by the Wall Street Journal.
This marks the first meeting between the two since Trump’s election victory and signals the president-elect’s evolving stance on crypto.
At a Bitcoin conference earlier this year, Trump pledged to establish a Bitcoin and crypto presidential advisory council focused on creating clear regulatory guidance if elected.
Armstrong has already voiced support for potential Trump administration appointments, endorsing SEC Commissioner Hester Peirce on X as the “best choice” to lead the Securities and Exchange Commission.
Coinbase, under Armstrong’s leadership, was a major political donor in the recent election cycle, contributing over $100 million to various political action committees.
The majority went to Fairshake, a crypto industry-backed PAC that invested over $40 million in congressional candidates, according to Federal Election Commission filings and data from OpenSecrets.
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