President-elect Donald Trump on Monday met Crypto.com CEO Kris Marszalek to discuss topics related to the digital asset industry, including reportedly a strategic Bitcoin BTC/USD reserve.
What Happened: The meeting focused on crafting a clear regulatory framework for digital assets and bolstering the U.S.'s leadership in crypto innovation, Bloomberg reported, citing a a person familiar with the discussion.
A spokesperson for Crypto.com expressed optimism about collaborating with the administration on these initiatives.
This follows a similar engagement earlier this year when Coinbase COIN CEO Brian Armstrong met with Trump to advocate for pro-crypto policies.
The meeting comes amid rising tensions between the crypto industry and regulators.
Crypto.com recently filed a lawsuit against the SEC after receiving a Wells notice, signalling potential enforcement action.
Also Read: Is A Bitcoin Strategic Reserve A Good Idea? Expert Pushes Back: ‘Just Buy BTC Yourself’
Why It Matters: Shortly after the meeting, Dennis Porter, CEO of SatoshiActFund, confirmed his team’s work on a model executive order for the Bitcoin reserve, signaling serious consideration of the proposal by Trump's team.
Trump has already tapped several crypto-friendly individuals for pivotal roles, including Howard Lutnick as Commerce Secretary and Paul Atkins to lead the SEC.
Notably, venture capitalist David Sacks has been appointed as an advisor on AI and crypto, bypassing calls for a dedicated “crypto czar.”
Trump's involvement in crypto extends to his family project, World Liberty Financial, a decentralized finance initiative that recently raised $30 million in funding from entrepreneur Justin Sun.
What's Next: This meeting signals a strategic alignment between Trump's administration and the crypto sector, with the potential for groundbreaking policy changes, including the creation of a Bitcoin reserve.
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