Donald Trump’s administration is reportedly aiming to consolidate or potentially eliminate various banking regulatory bodies, according to the WSJ, while supporters of Wall Street Pepe ($WEPE) express their excitement.
The approaching Trump presidency offers a hopeful outlook for how cryptocurrency might be regulated in the United States.
His newly established Department of Government Efficiency (DOGE), led by Trump’s close associate and Meme Overlord Elon Musk, is exploring whether the president has the authority to dismantle agencies such as the Federal Deposit Insurance Corporation (FDIC), as reported by The Wall Street Journal.
In a bold move, Trump and his crypto-investing team are embodying the rebellious spirit of Wall Street Pepe through sweeping audits and changes. The Wall Street Pepe meme coin aims to diminish the influence of “legacy whales,” “corrupt KOLs,” and “hedge-fund fraudsters” within the crypto ecosystem, making space for smaller investors.
Elon Musk’s Vision to Streamline Crypto Regulations
Musk recently shared on X his desire to “Delete CFPB,” referring to the Consumer Financial Protection Bureau, which was established in response to the 2008 financial crisis that was partly due to a lack of regulatory oversight.
Revising or merging other regulatory bodies such as OCC and the Federal Reserve could also be considered. The decision on whether the FDIC or other agencies will be eliminated lies with the Republican-majority Congress. The new administration is eager to enact crypto-friendly policies in the US, particularly in light of recent positive trends in the crypto market.
Eric Trump has urged the need for “sensible” regulations to position the US as the leading global center for crypto innovation.
Additionally, Trump plans to appoint a successor to the resigning FDIC Chair Martin Gruenberg, who is perceived by some as the “architect of Operation Chokepoint 2.0,” an alleged initiative by the Biden administration to disconnect the crypto sector from traditional banking.
This shift in Trump’s strategy regarding the banking sector is part of a broader effort to reduce government spending and regulation. For crypto investors seeking to gain, the introduction of DOGE could not be more timely.
An analysis of Trump’s moves and his meme coin investments suggests that he is drawing inspiration from $WEPE, with the idea of “draining the banking swamp” resonating well. His deregulatory approach aligns with Wall Street Pepe’s goal to cleanse the ecosystem for smaller players.
The Rise of the Frogs
The $WEPE website states that “WEPE was tired of seeing legacy whales and corrupt KOLs manipulating the little guys,” prompting it to take action and change the narrative…
It wouldn’t be surprising to find some $WEPE holdings in Trump’s portfolio on Arkham, showcasing a diverse mix of mainstream and meme cryptocurrencies like MAGA (TRUMP), TROG, and FIGHT.
Lesser-known meme coins are increasingly gaining traction, with Blockchain analytic firm Chainalysis tracking Solana memecoins created on Pump.fun, according to a company representative.
Notably, $WEPE is gaining notable interest, having raised over $5.5 million in just 24 hours. Currently, it has a market capitalization approaching $40 million, with a consistent price increase. Its presales have also reached $13.5 million, with 5.2 billion tokens already purchased and secured. Future annual returns are projected to exceed 67%.
Maximizing Your Gains
As the presale countdown reaches its final three days, the optimal time for investors is now or perhaps yesterday! With Trump and Elon paving the way for banking deregulation, it’s your profits on the line, allowing you to tell traditional banks to take a back seat!
Disclaimer: This is not financial advice. Always conduct your own research (DYOR) before investing in cryptocurrency, and only use funds you are prepared to lose.
