Emily Walker
Insiders anticipate that Donald Trump will implement cryptocurrency executive orders on his first presidential day, January 20.
These actions might include reversing Joe Biden’s policies on crypto de-banking and easing accounting regulations related to cryptocurrencies.
There has also been pushback from Republicans against the SAB 121 guideline introduced in March 2022.
Could significant changes for crypto be on the horizon by Monday?
End of Hostile Crypto Policies
A source close to Trump told the Washington Post that regulating cryptocurrency is a significant focus for the incoming administration.
Biden’s administration has enforced strict regulations on cryptocurrency firms, often lacking proper notification or legal grounds.
Notably, over 30 tech and crypto founders experienced de-banking issues, with Coinbase CEO Brian Armstrong alleging that Senator Elizabeth Warren is responsible, labeling the situation as “the most un-American act” during Biden’s presidency.
Additionally, the SEC’s SAB 121 mandates that financial firms holding cryptocurrency must report client assets as liabilities, complicating crypto custody.
Trump could put an end to such negative regulations immediately upon taking office. Initially, many in the crypto sector expected him to sign executive orders within the first 100 days.
The Potential Rise of $FLOCK Under Trump
With Trump’s potential support for crypto-friendly regulations, innovation could thrive, institutional interest may grow, and a community spirit among investors could be reignited.
Notably, projects with distinct missions and strategies may gain attention.
Flockerz ($FLOCK) exemplifies this vision by promoting a free, fair, and transparent industry that encourages innovation rather than stifling it.
The project’s Vote-to-Earn (V2E) system empowers $FLOCK token holders, allowing early supporters to weigh in on decisions regarding features, partnerships, marketing, and burning tokens.
Anyone can propose ideas that they believe would benefit The Flock.
In essence, Flockerz operates as a DAO (decentralized autonomous organization), uniquely rewarding participation in voting.
Joining the $FLOCK presale is currently the only method to become part of The Flock. With only eight days left until the tokens are available for claim, this is the final opportunity to purchase at $0.0066883 before $FLOCK potentially soars.
Early participants have already staked over 650 million $FLOCK with a yield of 277% APY. High staking returns and substantial utility might alleviate selling pressure post-launch.
Final Thoughts
Speculation regarding Trump’s initial executive orders has already positively influenced the market, with $BTC increasing by 2.4%, $XRP by 4.15%, and $DOGE by 5.89% in the last 24 hours.
Nevertheless, substantial growth is expected in the following week once Trump’s regulations take effect, especially affecting early meme coins like Flockerz, which offer significant growth potential.
In the meantime, it’s wise to conduct your own research (DYOR) and diversify your investments, even in a rising market.