PANews reported on November 19 that according to the Wall Street Journal, US President-elect Donald Trump will have a private meeting with Coinbase CEO Brian Armstrong on Monday. Sources said the two are expected to discuss personnel appointments for Trump's second administration.

The meeting marked Trump's first meeting with Armstrong since his victory. Trump was previously skeptical of cryptocurrencies, but has transformed into an open supporter of the industry in recent years. Earlier this year, he said at an annual Bitcoin conference that if elected, he would establish a presidential advisory committee on Bitcoin and cryptocurrency to develop transparent regulatory guidelines. Armstrong has previously publicly proposed that Hester Peirce, the current Trump-appointed SEC commissioner, be the next SEC chairman. It was also reported that Coinbase donated more than $100 million to multiple political action committees before the election, of which $40 million was used to support pro-crypto candidates.