Donald Trump’s presidential campaign made bold promises regarding cryptocurrency, vowing to introduce new regulations and promote it as a mainstream asset. Now that he has won the election, the crypto industry eagerly anticipates his actions to fulfill these promises.
Trump is set to officially begin his term on January 20, 2025, and there are expectations within the industry for him to make significant moves regarding digital assets early on. Speculation suggests that he may issue executive orders related to cryptocurrency on his first day in office.
Rebecca Rettig, from Polygon Labs, emphasizes the importance of clarity in Trump’s executive orders to outline the priorities and provide a roadmap for the industry. Trump recently announced key appointments to the Presidential Council of Advisers for Digital Assets, including Bo Hines as the executive director and Scott Kupor as the director of the Office of Personnel Management. Additionally, the defeat of Caroline Crenshaw for a second term as SEC commissioner, known for her tough stance on crypto, signals a shift in regulatory dynamics.
The impact of Trump’s victory on the crypto industry is substantial, with investors gaining confidence in the future of digital assets. This sentiment is not limited to the US, as seen in the significant growth of the crypto industry in South Korea post-election. The surge in new users and total asset value in the country suggests a global trend influenced by Trump’s win.
Amidst this optimistic outlook, projects like Wall Street Pepe ($WEPE) are attracting new investors during this golden era for cryptocurrency. With a successful presale raising $36 million and a current price of $0.0003658, $WEPE has already experienced a significant price increase. Experts predict further gains, with a projected price increase of 200% by the end of 2025.
For those considering investing in meme coins like $WEPE, Trump’s favorable stance on crypto policies presents a promising opportunity. It is advisable to conduct thorough research before diving into the market, as gains are not guaranteed.
In conclusion, Trump’s presidency has the potential to shape the future of the crypto industry, and investors are eager to see how his promises regarding digital assets will unfold. The industry’s growth and potential for lucrative investments indicate a positive outlook for cryptocurrency under Trump’s administration.
