Recently, United States President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at his Mar-a-Lago estate to go over ideas and policies that might affect the direction of the bitcoin market.
Marszalek posted on X (previously Twitter) Dec. 16 about his trip to Florida to see Trump. Their conversation apparently centred on Trump’s idea to create a national Bitcoin reserve and important appointments in his government meant to help the bitcoin industry.
Concurrent with the conference, Crypto.com declared the cancellation of its case against the U.S. Securities and Exchange Commission (SEC). Said in a Dec. 16 filing, the lawsuit—which had been brought in the U.S. District Court for the Eastern District of Texas—was voluntarily dismissed with prejudice.
The legal action resulted from a Wells warning Crypto.com received in October indicating possible enforcement action. Marszalek at the time said the trade will legally oppose the SEC in order to protect the future of the crypto sector. A Crypto.com spokesman clarified, nevertheless, that the action was dropped considering the company’s intention to work with the next government on a thorough regulation plan.
After winning his election on November 5, Trump has taken various actions suggesting his support of the bitcoin sector. He started his own digital asset project, World Liberty Financial, before the election, and has since floated the idea of selecting crypto-friendly people to occupy important roles in his government.
Trump also conferred with Coinbase CEO Brian Armstrong in November to go over possible appointments. Following these conversations, the president-elect revealed many well-known nominations including former PayPal Chief Operating Officer David Sacks as the administration’s “AI and Crypto Czar” and former SEC commissioner Paul Atkins as his nominee for SEC chair.
