Former U.S. President and President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago on December 16 to discuss cryptocurrency policies and potential appointments in the incoming administration.
During their meeting, Trump and Marszalek explored plans for establishing a national Bitcoin reserve and discussed key appointments related to the cryptocurrency sector. The meeting coincided with Crypto.com's decision to withdraw its lawsuit against the Securities and Exchange Commission (SEC), indicating a shift toward collaboration with the incoming administration.
The Bitcoin Policy Institute has drafted an executive order outlining a framework for a Strategic Bitcoin Reserve (SBR). The proposed policy would designate Bitcoin as a reserve asset within the Treasury's Exchange Stabilization Fund and require strict auditing protocols. Under this framework, all government-held Bitcoin, including seized assets, would be consolidated into the SBR within seven days.
Trump has recently announced several pro-crypto nominations for his administration. Former SEC Commissioner Paul Atkins, known for opposing excessive regulation and supporting innovation in the cryptocurrency space, has been nominated as the next SEC Chair. Silicon Valley entrepreneur David Sacks received the nomination for the newly created position of White House AI & Crypto Czar, tasked with coordinating cryptocurrency policy across government agencies.
The meeting marks a notable shift in Trump's approach to cryptocurrency regulation, suggesting a more collaborative relationship between the industry and government. A Crypto.com spokesperson indicated the company's withdrawal of its SEC lawsuit reflects their intention to work with the incoming administration on developing regulatory frameworks for the industry.
The developments signal Trump's commitment to positioning the United States as a leader in digital assets, though some observers question whether these promises will translate into concrete policy actions once he takes office.