President-elect Donald Trump recently held a meeting with Coinbase CEO Brian Armstrong, as confirmed by a reliable source. Coinbase stands as the largest cryptocurrency exchange in the United States, making this meeting significant within the financial and tech sectors.
Armstrong reportedly utilized this opportunity to provide recommendations for personnel appointments to Trump. Notably, Armstrong has publicly expressed his support for Hester Peirce, a Trump appointee, to assume the role of chair at the Securities and Exchange Commission.
The cryptocurrency industry views Trump's recent electoral success as a positive indicator for the future of bitcoin and other digital currencies. Despite Trump's previous skepticism towards bitcoin, where he once dismissed it as being 'based on thin air,' he has notably shifted his stance in recent months. This is in contrast to the Biden administration, which has shown intentions to regulate the crypto market.
One significant factor influencing Trump's evolving perspective on cryptocurrency is his newfound financial interest in the sector. In September, Trump, along with his children, launched a new crypto venture named World Liberty Financial. During the unveiling of this business, Trump expressed his belief in the industry, stating, 'It’s very young and very growing. I do believe in it.'
Following Trump's electoral victory, bitcoin experienced a surge in value, reaching record highs. Currently priced at $91,000, bitcoin's upward trajectory reflects the positive sentiment surrounding the cryptocurrency market post-Trump's win.
