cryptojournalist
On December 16, Crypto.com CEO Kris Marszalek met with U.S. President-elect Donald Trump at Trump’s Mar-a-Lago home. The two discussed crypto policies and Trump’s plans for the industry as he prepares to take office.
Dropping the SEC Lawsuit
The timing was notable: Crypto.com dropped its lawsuit against the SEC that same day. Back in October, the company had filed the suit after receiving a Wells notice, a warning about possible enforcement action.
Crypto.com explained that they pulled back on the lawsuit to work alongside Trump’s incoming administration to shape clearer crypto regulations.
Trump’s Crypto-Friendly Signals
Trump has been showing increasing support for the crypto industry. Before the election, he launched a digital asset project called World Liberty Financial. Since his win on November 5, he’s been considering pro-crypto leaders for key roles.
In November, Trump met Coinbase CEO Brian Armstrong to talk about appointments. Soon after, he named former PayPal executive David Sacks as his “AI and crypto czar” and picked ex-SEC commissioner Paul Atkins as his choice for SEC chair.
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