A photo shared online has revealed that Crypto.com CEO Kris Marszalek met U.S. President-elect Donald Trump at his office. The motive and agenda of the meeting still remain unknown, but the image has ignited excitement among CRO community members.
The crypto community has been paying attention to Trump’s moves since he first endorsed crypto assets during his campaigns earlier this year. Most recently, the U.S. president-elect met with Crypto.com CEO Kris Marszalek, causing excitement among the CRO community members.
Crypto.com CEO Kris Marszalek visits Trump at his office
https://t.co/GuuXE3Owwx CEO @Kris met with U.S. President-elect Donald Trump at his office just one day before the https://t.co/GuuXE3Owwx Showdown golf tournament. While the details of the meeting remain unknown, the photo alone has sparked excitement within the #CROFam.… pic.twitter.com/gVemLd8Ccv
— Kaan (@KaanCronos) December 17, 2024
An image of Crypto.com CEO Kris Marszalek and Donald Trump confirms the two individuals met in Trump’s office. However, the details of the meeting are still unknown. The two met just a day before Crypto.com’s Showdown gold tournament event.
During his presidential election campaigns, Trump promised the crypto industry that he would make the United States the global crypto hub. He also promised to involve the crypto community in streamlining crypto regulations in the U.S. by establishing a presidential advisory council made up of crypto industry members.
While speaking at the Bitcoin Conference 2024 earlier this year, Trump explained that crypto rules would be written by people who love the crypto industry, not those who hate it.
Since Trump won the presidential elections, he has interacted with crypto enthusiasts virtually and now physically in his meeting with the Crypto.com CEO. It was also reported that Trump hopped on a call with Brian Armstrong, the founder and CEO of Coinbase on November 19.
Details of the phone call were not made public. However, a person familiar with the matter explained that the two, as well as an undisclosed well-known D.C. crypto figure, discussed the potential appointments of the two financial watchdogs in the United States, including the U.S. Securities and Exchange Commission (SEC) and the Commodities and Exchange Futures Commission (CEFC).
On November 18, The Wall Street Journal reported, citing people familiar with the matter, that Trump will meet with Armstrong.
Trump continues to build ties with the crypto community
Some crypto figures have ended up on the president-elect’s appointment list and may soon join his administration in January next year. Trump had promised to fire Gary Gensler, the current chair of the U.S. SEC, who resigned from his position effective January next year.
The president-elect appointed crypto advocate Paul Atkins to replace Gary Gensler. He also appointed former PayPal exec David Sacks as AI and crypto czar. Sacks will be involved in the regulatory oversight of the crypto industry, marking a significant step toward clarifying the United States’ policies in the technology space.
Trump also appointed long-time Dogecoin supporter Elon Musk to head the Department of Government Efficiency. Musk will lead the department, which aims to reduce government expenditures and resource waste. Elon Musk’s companies, Tesla and SpaceX, own a substantial amount of Bitcoin. According to Bitcoin Treasuries’ data, Tesla owns 9,720 Bitcoins while SpaceX owns 8,285 Bitcoins.
Trump also appointed Howard Lutnick in the same department as Musk. Lutnick is a major player in the crypto ecosystem. His firm, Cantor Fitzgerald, manages Tether’s U.S. Treasury bond portfolios.
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