Trump Eyes Bakkt Acquisition as Armstrong Pushes Peirce for SEC
President-elect Donald Trump is discussing pro-cryptocurrency appointments with Coinbase CEO Brian Armstrong. His social media company Trump Media is also in talks to acquire cryptocurrency exchange Bakkt.
Bakkt’s stock price has surged since those talks, with Armstrong previously suggesting that Trump appoint “crypto mom” Hester Peirce as the new SEC chair.
Trump, Bucket and Armstrong
The president-elect’s social media and technology company, Trump Media, is currently talks Buy Bakkt, cryptocurrency exchange. Bakkt’s status in the industry peaked a few years ago and was subsequently described as “Edge players in space”. Earlier this year, it Publicly considered sale or spin-off options. However, its shares have soared since the offer.
Even though Donald Trump has been pursuing A comprehensive set of changes to support cryptocurrencies For U.S. agencies, these actions are his political career. As a businessman and ordinary citizen, since World Free Financial Corporation pre-sales dismal (WLFI). The acquisition of Bakkt may bring new blood to Trump.
However, the world of cryptocurrency exchanges is also touching on his policy outlook. Specifically, Coinbase CEO and Founder Brian Armstrong Too Meeting today with the president-elect. Armstrong and Trump are reportedly discussing appointments for the next administration.
As a visible industry insider, Armstrong has a vested interest in cryptocurrency-friendly policy outcomes. Throughout the election cycle, Coinbase spends tens of millions Promote pro-cryptocurrency candidates on multiple levels. Armstrong has made a number of supportive comments since Trump’s victory, praise Elon Musk’s DOGE and suggestion a new one Gensler Post-SEC Chairman:
“Hester Pierce would be the best choice. Smart, fair, professional. Can work with both parties,” Armstrong claimed.
“Crypto Mom” Hester Peirce is one of five current SEC commissioners and one of two appointed by Trump. Gensler’s impending ouster sparks a Prediction market hype About who will succeed him. Those talks could significantly improve Pierce’s chances if Armstrong hasn’t changed his views since initially recommending her.
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