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New Era for US Crypto Policies? Donald Trump Meets Crypto.com CEO Kris Marszalek

Key Takeaways

  • President-elect Donald Trump and Crypto.com CEO Kris Marszalek meet to discuss Bitcoin reserves and future crypto policies;
  • Crypto.com drops its SEC lawsuit, aiming for cooperation with the incoming administration;
  • Since winning the US presidential election, Trump has named several crypto-friendly figures as part of his team.
New Era for US Crypto Policies? Donald Trump Meets Crypto.com CEO Kris Marszalek

On December 16, Crypto.com $10.87B CEO Kris Marszalek met with US President-elect Donald Trump at his Mar-a-Lago residence in Florida.

Marszalek posted on X about the meeting, stating, "Honored to have a seat at the table".

On the same day, Crypto.com dropped its lawsuit against the United States Securities and Exchange Commission (SEC).

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According to a filing in the US District Court for the Eastern District of Texas, the company dismissed the case voluntarily and with prejudice, meaning it cannot reopen the matter.

The lawsuit was filed after the exchange received a Wells notice in October, signaling potential enforcement action from the SEC. At the time, Marszalek announced that the company planned to sue to “protect the future of crypto”.

According to Bloomberg, Trump and Marzalek discussed ideas that could influence cryptocurrency policy in the country, including a proposal for a national Bitcoin BTC $98,653.77 reserve and key appointments in Trump’s upcoming administration.

Trump has announced plans to appoint individuals who appear to support the cryptocurrency industry since securing the US presidential election on November 5. For instance, former SEC commissioner Paul Atkins was named Trump’s pick for SEC chair.

Additionally, this meeting was not the first time Trump engaged with cryptocurrency leaders. In November, Coinbase $4.24B CEO Brian Armstrong held a private discussion with Trump, raising questions among the crypto community. What did they talk about? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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