President-elect Donald Trump sat down with Crypto.com CEO Kris Marszalek at Mar-a-Lago on December 16, discussing bold new policies for the crypto industry. According to Cointelegraph, their conversation touched on Trump’s ambitious proposal to establish a national Bitcoin reserve and key regulatory appointments.
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Crypto.com Withdraws Lawsuit
Interestingly, the meeting coincided with Crypto.com withdrawing its lawsuit against the U.S. Securities and Exchange Commission. Filed in October after a Wells notice threatened enforcement action, the lawsuit was dropped “given [its] intent to work with the incoming administration,” a Crypto.com spokesperson said.
This isn’t Trump’s first brush with the crypto world. He has reportedly engaged with Coinbase’s (COIN) Brian Armstrong and tapped former PayPal (PYPL) COO David Sacks as his “AI and crypto czar.” These moves signal what could be a huge shift in the U.S. regulatory approach to crypto under Trump’s presidency.
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