According to the Wall Street Journal (WSJ) on November 18 (local time), President-elect Donald Trump of the United States is scheduled to hold a private meeting with Brian Armstrong, CEO of Coinbase.
The WSJ reported that President-elect Trump and CEO Armstrong are expected to discuss the appointment of personnel for Trump's second term administration.
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President-elect Trump, who had promised a pro-virtual asset policy, is quickly assembling his administration with related personnel. Elon Musk, CEO of Tesla, who was a staunch supporter of Trump, has been nominated as the Minister of Government Efficiency (DOGE) in the incoming Trump administration. On November 17, CEO Armstrong also expressed his support for the Trump administration's second term through his X, stating that the Department of Government Efficiency (DOGE) could be an opportunity to promote economic freedom in the United States and reduce the size of the government to a healthy level.
Meanwhile, Coinbase is considered a representative beneficiary stock of Trump. As of November 18, Coinbase's stock price was $325.41, up about 67% from $193.96 on the day before Trump's presidential election was confirmed.
- Kang Hae-yeon Reporter
- haeyeon41@rni.kr
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