A large part of Donald Trump’s presidential campaign was based on cryptocurrencies. He promised to introduce a new regulatory framework for cryptocurrencies and promote them as a mainstream asset.
To cut to the chase: Donald Trump won the election, which is why the crypto industry is pushing for him to fulfill those promises.
Trump officially begins his term in the White House on January 20, 2025. On his first day, he is likely to announce a series of executive orders on major issues ranging from immigration to energy.
The crypto industry wants him to issue similar executive orders on digital assets. Investors are hoping Trump will act on his claims within the first 100 days of his term and expect him to announce at least one crypto-related executive order on January 20.
Bo Hines will 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 essential that executive orders on day one really lay out the real priorities and provide some sort of roadmap.”
On December 22, Trump announced on his Truth Social account the new team, including David O. Sacks, AI and White House crypto czar, on the Presidential Council of Advisers for Digital Assets (commonly referred to as the “Crypto Council”) ) will work together. ).
Notable nominees include Bo Hines, who will assume the position of executive director of the council, and Scott Kupor as director of the Office of Personnel Management.
Additionally, crypto advocates have managed to block the re-election of Caronline Crenshaw to her second term as commissioner of the Securities and Exchange Commission (SEC). Crenshaw was known for his aggressive stance in the crypto market. She would never have supported Trump’s ambitions for this industry.
Impact of Trump’s victory on the crypto industry
Trump’s presidential victory has a huge impact on the crypto industry. With its promise to push crypto forward, investors are feeling more and more confident about investing their money. And these impacts are not limited to the US; They are felt worldwide.
For example, Yonhap News announced that the crypto industry in South Korea has seen significant growth. In November alone, more than 610,000 new users joined the crypto ecosystem, bringing the total number of investors in the country to 15.6 million. The total value of crypto assets in Yonhap News is currently estimated at $70.3 billion.
For comparison, Trump won the November 5 election, and many experts believe his victory may have influenced that surge.
With such tremendous global enthusiasm and support from authorities, the crypto industry could enter its golden age characterized by greater investor confidence, market security and stability.
A golden time for $WEPE
The new golden age of cryptocurrencies is a great time for new investors to get in via reliable tokens like Wall Street Pepe ($WEPE). The project has already raised $36 million in ongoing presales and is currently priced at $0.0003658.
$WEPE was originally sold for $0.00020 per token and has already seen an 82.9% price increase. Experts predict that the price will increase by 200% by the end of 2025 and reach $0.001094 per token.
Get in, but DYOR
Trump’s pro-crypto policies could boost the entire crypto market and especially meme coins like $WEPE. Therefore, there may be no better time to buy $WEPE than now – before the presale ends or the price continues to rise.
However, it is always a good idea to do your own research before investing as profits are not guaranteed in the crypto market.