As a seasoned researcher with a keen interest in the intersection of technology and governance, I find this development particularly intriguing. Having followed the cryptocurrency landscape for years, it is evident that the upcoming administration seems to be taking a more proactive approach towards digital assets than its predecessors.
The newly elected President of the United States, Donald Trump, held a discussion about potential policies impacting the cryptocurrency sector with Crypto.com’s Chief Executive Officer, Kris Marszalek, at his residence in Mar-a-Lago.
As stated in a December 16 article, Marszalek allegedly went to Florida for talks with President-elect Trump. They are said to have explored the idea of establishing a national Bitcoin reserve and potential staff appointments within the president-elect’s administration concerning the cryptocurrency industry.
The meeting transpired on the very day when Crypto.com chose to withdraw their lawsuit against the U.S. Securities and Exchange Commission (SEC). On December 16th, they filed a dismissal in the United States District Court for the Eastern District of Texas, which was a voluntary termination of the suit against the SEC and its commissioners with prejudice.
Upon receiving a Wells notice, signaling potential regulatory action, I, as an analyst, stated in October that we would file a lawsuit against the SEC, aiming to safeguard the future of cryptocurrency. However, after careful consideration and with the intent to collaborate with the incoming administration on establishing a regulatory framework for our industry, Crypto.com has decided to withdraw the lawsuit.
After securing victory in the U.S. presidential election on November 5th, Trump has put forth suggestions for appointments that indicate a desire to nominate people who are supportive of the cryptocurrency sector. Interestingly, the president-elect had already initiated his own digital asset project, World Liberty Financial, prior to the election.
Beyond Marszalek, Trump is said to have spoken with Brian Armstrong, the CEO of Coinbase, in November about staffing decisions. Following this conversation, the president-elect has revealed David Sacks, a former PayPal COO, as his appointed advisor on AI and cryptocurrency, and Paul Atkins, a previous SEC commissioner, as his selection for SEC chair.
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2024-12-17 19:45