[NEWS] Coinbase CEO meets with Trump over administration appointments

2024/11/19 16:16 (Updated 2025/02/12 14:18)
Editors of Iolite
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[NEWS] Coinbase CEO meets with Trump over administration appointments

Possible meeting regarding Treasury Secretary nomination

It has been reported that Brian Armstrong of the US cryptocurrency exchange Coinbase met with President-elect Trump. The Wall Street Journal reported on the 18th.

According to the report, a source said that the meeting took place on Monday. The content of the meeting has not been disclosed.

After winning the presidential election, Trump has been steadily solidifying the personnel of his next administration, and the lineup has become clear. In the area of ​​high affinity with the Web 3.0 field, he appointed Elon Musk of Tesla, a major US electric car manufacturer, to head the Department of Government Efficiency, an organization aimed at improving the government's finances.

In addition, he appointed Pete Hegseth as Secretary of Defense and Robert F. Kennedy Jr. as Secretary of Health and Human Services. Both are known to be pro-cryptocurrency. In addition, Trump has indicated his intention to appoint people with positive views on cryptocurrencies to key positions, which is a positive move for the industry.

In this context, Armstrong appears to have been asked for his opinion on personnel for the next administration. According to a report by The New York Times last week, Armstrong will be meeting with Howard Lutnick, who has been mentioned as a possible candidate for Secretary of the Treasury. The meeting with Trump may be related to this move.

Meetings with cryptocurrency companies continue

Trump appears to be continuing to talk with cryptocurrency companies. His aides and transition team have reportedly already discussed personnel with Brad Garlinghouse, CEO of Ripple, and executives of Circle, which develops the stablecoin USD Coin (USDC).

The reason behind Trump's continued dialogue with cryptocurrency companies is likely to be the movement to reform cryptocurrency regulations. Trump repeatedly mentioned cryptocurrency regulations during the presidential election, garnering support from the industry.

The appointment of the Secretary of the Treasury could have a major impact on the Web 3.0 industry, and attention is focused on the developments.

Reference: WSJ Report
Image: Quoted from the homepage

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MAGAZINE

Iolite Vol.15

September 2025 issueReleased on 2025/07/30
Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.