Altcoin
Will the Tables Turn for Retail Investors as Trump Appoints Pro-crypto Lawmakers?
A huge part of Donald Trump’s presidential campaign was based on cryptocurrency. He promised to introduce a new regulatory framework for crypto and promote it as a more mainstream asset.
Cut to the present, Donald Trump has won the election, which is why the crypto industry is pushing to see him fulfill these promises.
Trump officially starts his term in the White House on January 20, 2025. On his very first day, he’s likely to announce a number of executive orders on important subjects ranging from immigration to energy.
The crypto industry wants him to make similar executive orders on digital assets. Investors hope that Trump will bring his claims to life within the first 100 days of his term and expect him to announce at least one crypto-related order on January 20.
Bo Hines to Lead Trump’s Crypto Council
Rebecca Rettig, chief legal and policy officer at Polygon Labs, said “Given the tenor of the campaign, it would be imperative for executive orders to really set out what the actual priorities will be on day one and provide some kind of roadmap.”
On December 22, Trump took to his Truth Social account and announced the new team that will be working with White House A.I. & Crypto Czar, David O. Sacks, in the Presidential Council of Advisers for Digital Assets (commonly called the ‘crypto council’).
Notable nominees include Bo Hines, who will take the position of the executive director of the council, and Scott Kupor as director of the Office of Personnel Management.
On top of that, pro-crypto pols have managed to block the reelection of Caronline Crenshaw for her second term as the Securities and Exchange Commission (SEC) commissioner. Crenshaw was known for aggressive stance on the crypto market. She would have never favored Trump’s ambitions for this industry.
Impact of Trump’s Win On the Crypto Industry
Trump’s presidential win has huge implications for the crypto industry. With his promise of taking crypto forward, investors are feeling more and more confident in putting their money down. And these effects are not limited to the US; they are noticeable worldwide.
For example, Yonhap News revealed that crypto industry in South Korea saw significant growth. In November alone, more than 610K new users joined the crypto ecosystem, bringing the total number of investors in the country 15.6M. The total value of crypto assets in Yonhap News right now is valued at $70.3B.
For context, Trump won the elections on November 5, and many experts believe his victory might have influenced this surge.
With such tremendous global enthusiasm and support from authorities, the crypto industry might be entering its golden era marked by greater investor confidence, market security, and stability.
A Golden Time for $WEPE
Crypto’s new golden era is a great time for new investors to make their way in through reliable tokens like Wall Street Pepe ($WEPE). The project has already raised $36M on the ongoing presale and is currently priced at $0.0003658.
$WEPE was initialy selling at $0.00020 per token and has already seen a 82.9% increase in price. Experts predict the price to soar 200% by the end of 2025, reaching $0.001094 per token.
Hop In, But DYOR
Trump’s pro-crypto policies could boost the entire crypto market and meme coins like $WEPE in particular. So, there may be no better time to buy $WEPE than now – before the presale ends or the price increases further.
However, it’s always a good idea to do your own research before investing because no gains are guaranteed in the crypto market.