Will the Tables Turn for Retail Investors as Trump Appoints Pro-crypto Lawmakers?

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As a seasoned researcher with a background in both politics and finance, I have been closely monitoring the intersection of these two worlds, particularly in relation to cryptocurrencies. The prospect of Donald Trump’s presidency and his potential impact on the crypto industry has piqued my interest for quite some time now.

A significant aspect of Donald Trump’s presidential bid centered around the integration of cryptocurrency. He pledged to establish a fresh regulatory structure for digital currencies and advocate for their acceptance as a more conventional financial asset.

In the here and now, Donald Trump has emerged victorious in the election. This is why the cryptocurrency sector is eagerly waiting for him to follow through on these pledges.

Beginning on January 20, 2025, Trump will commence his tenure at the White House. On this inaugural day, he is expected to unveil several executive orders pertaining to significant topics such as immigration and energy.

In simpler terms, those in the cryptocurrency sector are encouraging him to issue comparable directives regarding digital assets. Investors are optimistic that Trump will take action on these claims during the early stages of his presidency, and they anticipate him to announce at least one order related to cryptocurrencies on January 20.

Bo Hines to Lead Trump’s Crypto Council

In simpler terms, Rebecca Rettig, who holds the positions of chief legal and policy officer at Polygon Labs, stated that for clarity, executive orders should clearly define the main goals to be tackled immediately upon taking office, offering a sort of guide or plan.

On December 22, Trump posted on his Truth Social platform about the formation of a new team to collaborate with White House A.I. & Crypto Czar, David O. Sacks, within the Presidential Council of Advisers for Digital Assets (often referred to as the ‘crypto council’).

Distinguished candidates such as Bo Hines, set to assume the role of council’s executive director, and Scott Kupor, appointed as head of the Office of Personnel Management, are among those being recognized.

Additionally, politicians supportive of cryptocurrency were successful in preventing the re-election of Carolyn Crenshaw for another term as Securities and Exchange Commission (SEC) commissioner. Known for her firm position on the crypto market, Crenshaw was unlikely to support President Trump’s plans for this sector.

Impact of Trump’s Win On the Crypto Industry

Trump’s election as president could significantly impact the cryptocurrency sector. His stated intent to advance this technology is instilling growing confidence among investors, causing them to invest more. These repercussions aren’t just confined within U.S. borders; they’re evident on a global scale.

According to recent reports by Yonhap News, South Korea’s cryptocurrency sector has experienced substantial growth. Specifically, over 610,000 new users joined the digital currency market last November, bringing the total number of investors in the country to approximately 15.6 million. At present, the combined value of these crypto assets stands at around $70.3 billion as reported by Yonhap News.

In reference to the timeline, Trump emerged victorious in the elections on November 5th, and several analysts speculate that his win could potentially account for this upsurge.

In light of the immense worldwide excitement and backing from regulatory bodies, the cryptocurrency sector could be on the brink of a golden age characterized by heightened investor trust, enhanced market safety, and increased stability.

A Golden Time for $WEPE

Crypto’s new golden era is a great time for new investors to make their way in through reliable tokens like Wall Street Pepe ($WEPE). The project has already raised $36M on the ongoing presale and is currently priced at $0.0003658.

At first, WEPE was trading at just $0.00020 per token, but it has already experienced a significant rise of 82.9%. Financial analysts anticipate that the price could potentially double, reaching an impressive $0.001094 per token by the year 2025.

Hop In, But DYOR

Trump’s supportive stance towards cryptocurrencies could potentially surge the entire crypto market, with meme coins like WEPE benefiting significantly. Therefore, it might not be wiser to invest in WEPE at this moment – prior to the pre-sale ending or prices rising even more.

However, it’s always a good idea to do your own research before investing because no gains are guaranteed in the crypto market.

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2024-12-27 17:27