Kris Marszalek, CEO of centralized exchange Crypto.com, met with Donald Trump at his Florida golf resort on Monday.
The discussion centered on potential appointments tied to the crypto industry, including positions in financial departments, Congress, and Trump’s incoming administration.
Crypto.com Withdrew Its SEC Lawsuit
According to Bloomberg, Marszalek visited Trump at his luxury Plam Beach resort, Mar-a-Lago. This visit follows a phone discussion last month between Coinbase CEO Brian Armstrong and Trump, signaling increasing engagement between crypto leaders and the new administration.
Since winning the November election, Trump has included several pro-crypto figures in key positions. Cantor Fitzgerald’s Howard Lutnick has been tapped for commerce secretary, while Paul Atkins has been selected to lead the SEC.
He also appointed venture capitalist David Sacks as the White House’s first AI and crypto czar. In this role, Sacks is expected to advise on policies related to these next-gen technologies.
“Trump met up with Crypto.com CEO Kris Marszalek in Florida, and they’re talking crypto-friendly policies that could change everything. Marszalek’s all in, dropping that SEC lawsuit the same day. The duo’s cooking up plans for a national Bitcoin reserve and a crypto-regulatory overhaul,” Mario Nawfal wrote on X (formerly Twitter).
Meanwhile, the Singapore-based exchange Crypto.com has had its share of regulatory challenges in the US. In October, the company filed a lawsuit against the SEC after receiving a Wells notice signaling an impending enforcement action.
However, court records show that the exchange withdrew the suit on December 16. It could potentially signal that the exchange welcomes a positive change in the SEC’s policies ahead of the new government.
Other crypto platforms, including Coinbase, have also faced similar clashes with the SEC.
Despite regulatory hurdles, Crypto.com has expanded its presence globally this year. In August, the company became the first crypto sponsor of the UEFA Champions League, marking a major step in sports branding. The sponsorship includes in-stadium activations, broadcast integration, and global branding initiatives.
Last year, the exchange secured regulatory approval in the UK, gaining Electronic Money Institution (EMI) status under the Financial Conduct Authority (FCA).
Overall, the latest meeting highlights the growing role of crypto in shaping political and financial decisions as the industry seeks more favorable policies and regulatory clarity.
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