A significant aspect of Donald Trump’s campaign for presidency revolved around cryptocurrency. He made commitments to develop a new set of regulations for digital assets, aiming to integrate them into the mainstream investment landscape.
Now that Trump has been elected, the cryptocurrency sector is eager to see him follow through on these commitments.
Trump will officially begin his presidency on January 20, 2025. On his first day, he is expected to roll out various executive orders addressing critical issues such as immigration and energy.
The crypto community hopes he will issue similar orders concerning digital assets. Investors are anticipating that Trump will actualize his promises during the first 100 days of his presidency, with the hope of seeing at least one crypto-related order on January 20.
Bo Hines Appointed As Head of Trump’s Crypto Council
Rebecca Rettig, the chief legal and policy officer at Polygon Labs, emphasized, “With the tone set during the campaign, it’s crucial for executive orders to clearly outline the priority areas from day one and create a clear framework.”
On December 22, Trump announced via his Truth Social account the formation of a new team under David O. Sacks, who will be the White House’s A.I. and Crypto Czar. This team is known as the Presidential Council of Advisers for Digital Assets, commonly referred to as the ‘crypto council’.
Key appointments include Bo Hines as the executive director of this council and Scott Kupor as the director of the Office of Personnel Management.
Additionally, crypto-friendly politicians have succeeded in preventing Caroline Crenshaw from continuing her role as the SEC commissioner, a position she was known to have maintained a hardline stance on the crypto market, which was not conducive to Trump’s goals.
Effects of Trump’s Victory on the Crypto Sector
Trump’s election brings significant changes to the cryptocurrency landscape. Investors are growing increasingly optimistic about investing in crypto, spurred by his assurances to advance the sector. This momentum is not confined to the U.S.; it’s observable on a global scale.
For instance, Yonhap News reported that South Korea’s crypto sector experienced notable expansion, with over 610,000 new participants joining in November alone, elevating the total number of investors to 15.6 million. Currently, the collective value of crypto assets in South Korea is estimated at $70.3 billion.
Trump clinched his electoral win on November 5, and analysts believe his success may have directly contributed to this growth.
With escalating enthusiasm worldwide and backing from governing bodies, the crypto industry could be on the brink of a flourishing period characterized by increased investor trust and enhanced market stability.
An Opportunity for $WEPE
This exciting phase in crypto offers a great chance for new investors to engage with dependable tokens like Wall Street Pepe ($WEPE). This initiative has successfully amassed $36 million in its ongoing presale, and current pricing stands at $0.0003658.
Initially launched at $0.00020 per token, $WEPE has already surged by 82.9%. Projections suggest the price could increase by 200% by the end of 2025, reaching approximately $0.001094 per token.
Join the Opportunity, But Conduct Research
Trump’s stance on cryptocurrency may enhance the broader crypto market, particularly benefiting meme coins like $WEPE. Therefore, this may be an optimal moment to invest in $WEPE before the presale concludes or prices escalate further.
However, always ensure to conduct your own research prior to any investment, as there are no guarantees of profits in the volatile crypto market.
