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 more common asset.
Back to the present, Donald Trump won the election, which is why the crypto industry is pushing for him to deliver on these 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 cryptocurrency industry wants him to issue similar executive orders on digital assets. Investors expect Trump to make good on his claims within the first 100 days of his term and expect him to announce at least one cryptocurrency-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 that the executive orders actually lay out what the real priorities will be from day one and provide some sort of roadmap.”
On December 22, Trump took to his Truth Social account and announced the new team that will work with White House cryptocurrency and AI czar David O. Sacks on the Presidential Council of Advisors for Digital Assets (commonly called “crypto advice”). ).
Notable nominees include Bo Hines, who will take over as the council’s executive director, and Scott Kupor as director of the Office of Personnel Management.
On top of that, pro-crypto politicians have managed to block Caronline Crenshaw’s reelection to her second term as commissioner of the Securities and Exchange Commission (SEC). Crenshaw was known for his aggressive stance in the cryptocurrency market. She would never have favored Trump’s ambitions for this industry.
Impact of Trump’s victory on the cryptocurrency industry
Trump’s presidential victory has huge implications for the cryptocurrency industry. With its promise to advance cryptocurrencies, investors are increasingly feeling more confident about investing their money. And these effects are not limited to the United States; They are visible all over the world.
For example, Yonhap News revealed that the crypto industry in South Korea saw 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 right now is valued at $70.3 billion.
To put it in context, Trump won the election on November 5 and many experts believe his victory could have influenced this increase.
With such tremendous global enthusiasm and support from authorities, the crypto industry could be entering its golden era marked by increased investor confidence, market security, and stability.
A golden era for $WEPE
The new golden age of cryptocurrencies is a great time for new investors to make their way into trusted tokens like Wall Street Pepe ($WEPE). The project has already raised $36 million in the ongoing pre-sale and is currently priced at $0.0003658.
$WEPE was initially selling for $0.00020 per token and has already seen a price increase of 82.9%. Experts predict that the price will soar 200% by the end of 2025, reaching $0.001094 per token.
Get on, but DYOR
Trump’s pro-cryptocurrency policies could boost the entire crypto market and meme coins like $WEPE in particular. Therefore, there may be no better time to buy $WEPE than now, before the pre-sale ends or the price increases further.
However, it is always a good idea to do your own research before investing because profits are not guaranteed in the crypto market.
