[NEWS] Coinbase CEO meets with Trump over administration appointments

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.

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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