Michaela Alvez
U.S. President-elect Donald Trump has recently met with Crypto.com CEO Kris Marszalek to discuss potential policies impacting the cryptocurrency industry and lay the groundwork for an executive order related to a Bitcoin reserve.
In a post on X on December 16, Marszalek said that he had traveled to Trump’s Mar-a-Lago residence for a meeting. During their discussion, Marszalek and Trump reportedly covered plans for a national Bitcoin reserve and potential appointments within the new administration related to the crypto sector.
On the same day, Crypto.com decided to voluntarily dismiss its lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, dropping the case with prejudice.
Crypto.com filed a lawsuit against the SEC in October 2024 after receiving a Wells Notice from the agency. The exchange aimed to challenge the SEC’s actions and “protect the future of crypto.” However, according to a spokesperson, they decided to withdraw the lawsuit “given [its] intent to work with the incoming administration on a regulatory framework for the industry.”
Following the meeting, Bitcoin Magazine published a draft executive order created by the Bitcoin Policy Institute. The document outlines a policy framework for the establishment of a Strategic Bitcoin Reserve (SBR).
The proposed policy aims to designate Bitcoin as a reserve asset within the Treasury’s Exchange Stabilization Fund. It also mandates rigorous audits and security measures for the reserve. According to the framework, all Bitcoin held by the government, including those seized in forfeiture cases, will be consolidated into the SBR within seven days.
Trump’s Paves Way Toward Crypto Haven
In recent weeks, President-elect Trump has garnered attention with his announcement of pro-crypto nominees for key positions in his administration.
President-elect Trump nominated former SEC Commissioner Paul Atkins as the next SEC Chair, following Gary Gensler’s anticipated departure. Atkins, a vocal critic of overregulation, has advocated for streamlining regulatory processes to foster growth and innovation, particularly within the cryptocurrency industry.
David Sacks, well-known Silicon Valley entrepreneur and venture capitalist, has also been nominated by Trump as White House AI & Crypto Czar. This new role is poised to oversee and coordinate the U.S. government’s approach to cryptocurrency policy, regulation, and its broader impact on the financial system.
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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
