Donald Trump’s team aims to consolidate or even eliminate some longtime bank watchdogs, the WSJ reports, while Wall Street Pepe’s ($WEPE) fans rejoice.
The incoming US president Trump has signed a promising forecast for cryptocurrency regulations in the US.
Now, his newly created Department of Government Efficiency (DOGE), helmed by Trump’s right-hand man and Meme Overlord Elon Musk, is figuring out whether the president can, for example, eliminate the Federal Deposit Insurance Corporation (FDIC), the source said. The Wall Street Journal.
In true renegade fashion, Trump and his team of crypto investors are taking a hard line Wall Street Pepe vibes with this sweeping movement and research. Wall Street Pepe’s meme coin exists to flush the “legacy whales”, “rogue KOLs” and “hedge-fund scammers” out of the crypto swamp, and make room for regular frogs.
Elon Determined to Strike Clear and Free Crypto Markets
Musk recently posted on X “Get rid of the CFPB. There are too many duplicative regulatory agencies,” the CFPB is the Consumer Financial Protection Bureau (CFPB). It was created in the wake of the 2008 global financial crisis which is believed to have been caused, in part, by a lack of oversight of guidance.
Consolidating or restructuring other regulators such as the OCC and the Federal Reserve is also not off the table. It’s up to the Republican majority Congress to decide whether the FDIC or another agency is put in the can. But these are real opportunities, as the incoming administration has promised to pass more crypto-friendly policies in the US.
Also, it has become a very important issue in recent times bullish trends in the crypto market. Eric Trumpfor example, he called for a set of “sensible” regulatory guidelines to be created to clear the way for the US to become the world’s leading crypto hub.
Trump will also appoint a successor to the protesting retired FDIC Chairman Martin Gruenberg, who is accused of being the “mastermind of Operation Chokepoint 2.0,” the alleged plan of the Biden administration to separate the crypto industry from banks.
The new direction Trump’s team has taken toward the banking industry is just one part of his larger promise to cut government spending and regulations. But for anyone in the crypto market looking to make some gains, DOGE couldn’t have come at a better time.
Combined with his share of the meme coin, analysts like to say that Trump and his team are delivering the real deal. $WEPE vibes, and DOGE drains the bank swamp is one of the labels that sticks as a good description. His penchant for deregulation rings true in his story of cleaning house, just as Wall Street Pepe wants to do – drain the crypto swamp and open it up to the little frogs…
Frog Street Takeover
“WEPE was tired of seeing legacy whales and corrupt KOLs duping the little guys, with their pockets full of money. So, he decided to find them and investigate the text…” reads the $WEPE website, which appears to echo what Trump’s team appears to be doing.
We wouldn’t be surprised to see another $WEPE appear in Trump’s portfolio arkham, His holdings show an eclectic mix, including common cryptocurrencies and meme characters such as MAGA (TRUMP), TROG and FIGHT.
More little-known meme coins are catching a lot of people’s attention, with Blockchain analytics provider Chainalysis now tracking the Solana memecoins created on Pump.fun, said a company representative.
What makes $WEPE one to watch its numbers right now. Just yesterday, it saw $5.5M+ raised in 24 hours. It currently has a market cap of around $40M and the price is only going up every day. Presales reached $13.5M and 5.2B tokens have already been purchased and closed. Next year’s yield is currently estimated at just over 67%.
Rich, Always
With only 3 days left of the pre-sale, the best time to enter for those looking to maximize their profits is definitely yesterday, the second best is now. And with Trump and Elon paving the way for bank deregulation, your win is your business, and you can tell the banks they didn’t hug your $$$!
Disclaimer: This is not financial advice. Always remember to DYOR (can own research) before buying any crypto and never spend money you can’t afford to lose.
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