President-elect Donald Trump is reportedly discussing pro-cryptocurrency personnel appointments with Brain Armstrong, the CEO of Coinbase, during private meetings. This includes a possible appointment of Hester Peirce, known as "Crypto Mom," as the new Chair of the SEC. Trump’s interest in pro-crypto policies seems aligned with his business talks.
In line with his business ventures, Trump Media, his social media company, is in deliberations to acquire Bakkt, a crypto exchange platform. This prospective acquisition has caused Bakkt’s stock to rise significantly, marking a turnaround for the company, which was previously searching for exit options.
Brian Armstrong, having invested substantially to support pro-crypto agendas during the election cycle, has shown a vested interest in securing favorable crypto policies. His open promotion of Hester Peirce for the SEC Chair position might reflect this priority. Peirce’s inclusion in the Trump administration could significantly influence future crypto regulatory frameworks.
Trump’s interaction with Armstrong follows a broader personal shift towards cryptocurrency investments, particularly in light of his historical investments with World Liberty Financial. A successful acquisition of Bakkt could strategically position Trump amidst the evolving cryptocurrency landscape and potentially influence his political objectives.
