News Scrap

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.

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.