Insiders expect Donald Trump to sign crypto executive orders on his first day of presidency, January 20.
Namely, Trump could cancel Joe Biden’s crypto de-banking policies and relax crypto accounting regulations.
Republicans have also been resisting the March 2022 SAB 121 bulletin.
Could the tables turn for crypto as soon as Monday?
The Days of Crypto Terror Are Coming to an End
An anonymous person involved with Trump revealed to the Washington Post that crypto regulation is a top priority for the new president.
Biden’s administration has a history of aggressive enforcement actions against crypto companies, often without proper warning or legal base.
Among such cases is the de-banking of over 30 technology and crypto founders. Coinbase CEO Brian Armstrong believes Senator Elizabeth Warren is behind it and calls it ‘the most un-American thing’ to happen throughout Biden’s four years in office.
To make matters worse, SAB 121 by the Securities and Exchange Commission (SEC) required financial institutions that custody crypto to record client holdings as liabilities on their balance sheets. This makes crypto custody virtually impossible.
Trump might revoke these disastrous policies as soon as he steps into the White House. Previously, crypto industry players thought Trump would sign crypto executive orders within 100 days.
$FLOCK Might Fly High During Trump’s Presidency
Trump’s pro-crypto regulations could support innovation, drive institutional adoption, and foster collective spirit among investors.
Projects with a clear purpose and unique approach might receive the most spotlight.
Flockerz ($FLOCK) is a prime example because its values align with Trump’s vision of a free, fair, and transparent industry where innovation is celebrated rather than feared.
Its Vote-to-Earn (V2E) mechanism puts all the power in the wings of $FLOCK token holders. Early adopters can vote on proposals related to project features, partnerships, marketing, and token burn events.
Anyone can submit their proposal if they believe it would benefit The Flock.
Essentially, Flockerz is a DAO (decentralized autonomous organization), but it’s the first DAO that rewards you for casting your vote.
Buying into the $FLOCK presale is the only way to join The Flock. With just eight days left until token claim, now is the last chance to secure your share of tokens at $0.0066883 before Flockerz flaps its wings and reaches for the clouds.
Early birds have staked over 650M $FLOCK at a 277% APY. High staking yields and strong utility should reduce selling pressure after $FLOCK launches on exchanges.
Closing Remarks
Rumors of Trump’s first-day executive orders have already benefited the market: $BTC grew by 2.4%, $XRP by 4.15%, and $DOGE by 5.89% in the past 24 hours.
However, we’ll witness real growth next week after Trump’s orders come into power. The effect will be particularly noticeable on early-stage meme coins like Flockerz, which have plenty of room for expansion.
Meanwhile, we remind you to DYOR and diversify your portfolio even when market conditions are bullish.
