Crypto.com CEO Kris Marszalek met with Trump to discuss industry concerns and future regulatory frameworks.
By Anisha Pandey
Edited by Marco T. Lanz
Updated
3 mins read
Leaders in the crypto space are joining a growing list of tech executives meeting with President-elect Donald Trump at his Florida golf resort ahead of his return to the White House. Among them is Kris Marszalek, CEO of cryptocurrency exchange Crypto.com, who met with Trump on December 16.
According to a recent article by Bloomberg, the private meeting touched on key issues affecting the industry. This includes the future of Bitcoin reserves and appointments in Congress, regulatory agencies, and other key financial roles. A source close to the discussions stated that Marszalek emphasized the importance of fostering a clear, innovation-driven regulatory environment for digital assets in the US.
This outreach comes at an important time for Crypto.com, which has faced regulatory headwinds in the US Earlier this year, the Securities and Exchange Commission (SEC) issued the firm a Wells Notice, indicating potential enforcement action.
Crypto.com responded with a lawsuit against the SEC, accusing it of overstepping its authority and unfairly categorizing crypto assets as securities. However, the company withdrew the suit on December 16, signaling its intent to work constructively with the potentially crypto-friendly administration.
Notably, while Crypto.com has faced regulatory challenges in the United States, it has been doing well around the world. In 2024, the exchange secured regulatory licenses in Ireland and Dubai.
Trump has branded himself as a pro-crypto candidate, and his November election victory has sparked renewed confidence in the digital asset sector. This optimism is reflected in a notable 63% increase in the crypto market’s total capitalization since his win.
Shortly after his win, Trump announced the formation of the Department of Government Efficiency (DOGE), co-led by tech entrepreneur Vivek Ramaswamy and billionaire Elon Musk. This advisory body aims to shape technology and crypto policies under Trump’s leadership.
Trump has nominated Paul Atkins, a former SEC commissioner and known advocate for blockchain innovation, to chair the SEC as Gary Gensler announced his departure, scheduled for January. Atkins, who co-chairs the Token Alliance—a popular crypto lobbying group—brings a conservative yet forward-thinking stance on regulation. Meanwhile, venture capitalist and crypto supporter David Sacks has been appointed as the White House AI & Crypto Czar, a newly created position aimed at aligning artificial intelligence and digital asset policies.
Crypto companies and key entrepreneurs are positioning themselves to influence Trump’s administration as it takes shape. Notably, Ripple, Kraken, and Circle—major players in the crypto ecosystem—have already advocated for favorable policies.
As the incoming administration prepares to take office, the crypto industry is optimistic that Trump’s policies could position the United States as a global leader in digital assets.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With a background in finance and a passion for innovation, Anisha has been covering the ever-evolving world of crypto for over four years. Her deep understanding of the crypto market have made her a trusted source for analysis and news. Whether it's dissecting the latest trends or decoding whitepapers, Anisha is dedicated to bringing clarity to the world of digital assets.
