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Trump-crypto CEO meeting about appointments, BTC reserve

Trump-crypto CEO meeting about appointments, BTC reserve

BlockworksBlockworks2024/12/18 03:00
By:Blockworks

Trump’s latest industry rendezvous featured a conversation with Crypto.com CEO Kris Marszalek


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It’s been half a year since Donald Trump’s Mar-a-Lago meeting with bitcoin mining executives , and his engagement with the industry has persisted.

After vocalizing support for American BTC mining in June, Trump unveiled more crypto-related promises at Nashville’s Bitcoin 2024 conference .

Then, in November, the Wall Street Journal broke news about his scheduled meeting with Coinbase CEO Brian Armstrong.

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The latest rendezvous? A conversation with Crypto.com CEO Kris Marszalek on Monday.

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“They discussed appointments related to the crypto industry, the Bitcoin reserve and the overall optimism for [the] US crypto market,” a person familiar with the conversation told Blockworks. 

A Crypto.com spokesperson declined to comment on details. 

We’ve seen Trump nominate crypto-friendly people (i.e. Howard Lutnick ) to key positions and bring on a so-called crypto czar . The proposed national bitcoin reserve too remains something everyone is watching.

Lawmakers in Brazil and Japan have started discussing such purchases. Trump preaches American superiority, so setting out to win a BTC buying race wouldn’t be much of a stretch.   

The president-elect indeed signaled a BTC reserve is being considered. MicroStrategy founder Michael Saylor has said other countries would “stampede to keep up” should the US go this route. 

You probably remember Saylor giving a presentation for Microsoft shareholders on why BTC is worth buying and holding. The question now is when he’ll give a similar one in the White House.

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Tags
  • BTC
  • Crypto.com
  • Donald Trump
  • Forward Guidance newsletter
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