Silhouette of Hand Holding iPhone with Coinbase Logo in Front of Computer Screen. Source: Tigarto - stock.adobe.com

Key Takeaways:

Coinbase CEO Brian Armstrong will meet with Donald Trump to discuss administration appointments as Trump shapes his leadership team.
Trump plans to establish a “Bitcoin and crypto presidential advisory council” in his first 100 days, aiming to set clear crypto regulations.
Armstrong has expressed openness to collaborating with any administration and recently supported creating a “Department of Government Efficiency.”

Coinbase CEO Brian Armstrong is scheduled to meet with President-elect Donald Trump to discuss administration appointments, as reported by The Wall Street Journal on November 18.

While Armstrong hasn’t contributed directly to Trump’s 2024 campaign or associated PACs, he previously expressed Coinbase’s willingness to work with either a Trump or Kamala Harris-led administration.

JUST IN: 🇺🇸 President-elect Donald Trump to meet with Coinbase CEO Brian Armstrong. pic.twitter.com/bsLETvGKQM
— Watcher.Guru (@WatcherGuru) November 18, 2024

It’s unclear if Armstrong or a Coinbase representative will assume a formal role in Trump’s government.

Trump has proposed forming a “Bitcoin and crypto presidential advisory council” within his first 100 days to establish clear regulatory guidelines for the cryptocurrency industry.

Armstrong’s meeting aligns with Trump’s ongoing efforts to shape his administration, including potential SEC leadership changes.

Trump has pledged to remove SEC Chair Gary Gensler and may bypass Senate confirmation for key appointments.

Following Trump’s election victory on November 6, Armstrong voiced support on X for a proposed “Department of Government Efficiency,” an idea backed by Elon Musk and Vivek Ramaswamy.

This department would require Congressional approval to be established formally.