Insiders expect Donald Trump to sign crypto executive orders on his first day in office, January 20.
Namely, Trump could reverse Joe Biden’s cryptocurrency debanking policies and ease cryptocurrency accounting regulations.
Republicans also resisted March 2022 SAB 121.
Could the situation reverse for crypto on 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.
The Biden administration has a history of aggressive enforcement actions against crypto companies, often without warning or proper legal basis.
Among these cases is the debanking of more than 30 technology and crypto founders. CEO of Coinbase Brian Armstrong believes Sen. Elizabeth Warren is behind this and calls it “the most un-American thing” that has happened during Biden’s four years in office.
To make matters worse, the Securities and Exchange Commission’s (SEC) SAB 121 required financial institutions that hold cryptocurrencies to record customer holdings on the liabilities side of their balance sheets. This makes cryptographic custody virtually impossible.
Trump could reverse these disastrous policies as soon as he arrives in the White House. Previously, crypto industry players believed that Trump would sign crypto executive orders within 100 days.
$FLOCK Could Fly High During Trump’s Presidency
Trump’s pro-crypto regulations could support innovation, foster institutional adoption, and foster collective spirit among investors.
Projects with a clear goal and unique approach may receive the most attention.
Flockerz ($FLOCK) is a great 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 burning events.
Anyone can submit their proposal if they feel it would benefit The Flock.
Essentially, Flockerz is a DAO (decentralized autonomous organization), but it’s the first DAO that rewards you for voting.
Purchasing the $FLOCK presale is the only way to join The Flock. With only eight days until tokens are claimed, now is the last chance to get your share of tokens at $0.0066883 before Flockerz flaps its wings and reaches for the clouds.
Early birds staked over $650 million FLOCK at an APY of 277%. High staking returns and strong utility are expected to reduce selling pressure after $FLOCK launches on exchanges.
Closing remarks
Rumors about Trump’s first day executive orders have already benefited the market: $BTC increased by 2.4%, $XRP 4.15%, and $DOGE by 5.89% in the last 24 hours.
However, we will see real growth next week after Trump takes office. The effect will be especially visible on even early-stage coins like Flockerz, which have plenty of room for expansion.
In the meantime, we remind you to DYOR and diversify your portfolio even when market conditions are bullish.