Trump meets with Crypto.com CEO as firm drops SEC lawsuit

United States President-elect Donald Trump has met with Crypto.com CEO Kris Marszalek at his home in Mar-a-Lago to discuss policies potentially affecting the cryptocurrency industry.

According to a Dec. 16 X post, Marszalek traveled to Florida to meet with Trump. The pair reportedly discussed the president-elect’s proposal to launch a national Bitcoin (BTC) reserve and appointments in his administration related to the crypto industry.

The meeting came the same day Crypto.com dropped its lawsuit against the US Securities and Exchange Commission (SEC). In a Dec. 16 filing in the US District Court for the Eastern District of Texas, the crypto exchange voluntarily dismissed a suit against the SEC and its commissioners with prejudice.

After receiving a Wells notice — warning of potential enforcement action — Marszalek said in October that the exchange would be filing a suit against the SEC “to protect the future of crypto.” A Crypto.com spokesperson told Cointelegraph that the firm withdrew the lawsuit “given [its] intent to work with the incoming administration on a regulatory framework for the industry.”

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Since winning the US presidential election on Nov. 5, Trump has proposed appointments suggesting he intended to nominate individuals favoring the cryptocurrency industry. The president-elect launched his own digital asset project, World Liberty Financial, before the election.

In addition to Marszalek, Trump reportedly talked with Coinbase CEO Brian Armstrong in November to discuss personnel appointments. Since that event, the president-elect has announced former PayPal chief operating officer David Sacks as his “AI and crypto czar” and former commissioner Paul Atkins as his pick for SEC chair.

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