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Blockworks 2024-12-17 20:30:00

Trump-crypto CEO meeting about appointments, BTC reserve

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe . It’s been half a year since Donald Trump’s Mar-a-Lago meeting with bitcoin mining executives , and his engagement with the industry has persisted. After vocalizing support for American BTC mining in June, Trump unveiled more crypto-related promises at Nashville’s Bitcoin 2024 conference . Then, in November, the Wall Street Journal broke news about his scheduled meeting with Coinbase CEO Brian Armstrong. The latest rendezvous? A conversation with Crypto.com CEO Kris Marszalek on Monday. Honored to have a seat at the table. pic.twitter.com/KvK0XyEdYZ — Kris | Crypto.com (@kris) December 17, 2024 “They discussed appointments related to the crypto industry, the Bitcoin reserve and the overall optimism for [the] US crypto market,” a person familiar with the conversation told Blockworks. A Crypto.com spokesperson declined to comment on details. We’ve seen Trump nominate crypto-friendly people (i.e. Howard Lutnick ) to key positions and bring on a so-called crypto czar . The proposed national bitcoin reserve too remains something everyone is watching. Lawmakers in Brazil and Japan have started discussing such purchases. Trump preaches American superiority, so setting out to win a BTC buying race wouldn’t be much of a stretch. The president-elect indeed signaled a BTC reserve is being considered. MicroStrategy founder Michael Saylor has said other countries would “stampede to keep up” should the US go this route. You probably remember Saylor giving a presentation for Microsoft shareholders on why BTC is worth buying and holding. The question now is when he’ll give a similar one in the White House. Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter . Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter . Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more. The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

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