With only a week to go before Donald Trump once again moves into the White House, and as the Flockerz presale hits an all-time high, all crypto chatter is focused on how successful crypto will be under the next administration.
This comes as the Vice Chairman of the Federal Deposit Insurance Corporation, Travis Hill, admitted in a speech that the FDIC had ordered 20 banks to stop doing business with crypto firms.
Their bank accounts were shut down or frozen, a process known as ‘debanking.’
But with a new US president about to warm the Oval Office chair, hopes are high that the debanking practice will stop and the US government will develop clearer, more transparent regulations – but this is purely speculative.
Could this mean more pro-crypto times are coming, and a lot more money is suddenly going to be made?
Cryptocurrencies Are Having a Renaissance Moment
Many cryptocurrencies are currently seeing a lot of success, with the Flockerz meme coin ($FLOCK) nearing $10M in presales.
Its current token price is $0.0066883, with staking rewards at a very attractive 280% APY. Analysts are hoping that when Flockerz officially launches, it could bring a 100x return on investment.
Other meme coins are doing equally well, the most standout ones being Wall Street Pepe ($WEPE) and Meme Index ($MEMEX).
Meme Index is a particularly exciting development, as the platform promises to make the buying, selling, and investing of meme coins a smooth and headache-free experience.
This can only lead to a surge of meme coin buying when Meme Index officially launches later this year.
But unless the new Trump administration starts to loosen the chokehold on the crypto industry, all of those crypto advances could be for naught.
Incoming Pro-Crypto Treasury Secretary Scott Bessent Bodes Well For The Future
The concerns by crypto firms are somewhat alleviated by the incoming new Treasury Secretary, Scott Bessent, who has been reportedly been described as the “most pro-crypto Treasury Secretary ever.”
This was proven when Bessent revealed that he plans to divest his $700 million investment portfolio if he’s confirmed in the Treasury post by the Senate. Among that $700 million is a Bitcoin portfolio worth as much as $500,000.
Anyone prepared to invest that much in Bitcoin obviously doesn’t have a problem with crypto in general.
Buy Your Flockerz Meme Coins Now Before the Presale Ends
Flockerz is rumored to come out of its presale stage nine days from now – although this isn’t yet 100% confirmed. So, if you want to take advantage of its current price and hoard some bluebirds, now’s the time to do it.
Just head over to the Flockerz website, connect your wallet, and lock in the favorable token price and staking APY. Obviously, we can’t guarantee anything, and you should definitely do your own research before investing any money.
But if analysts are correct in their predictions, and President-elect Trump really does introduce new crypto-friendly regulations, that Flockerz investment should fly as high into the sky.
That little flutter could very well bring you a nice nest egg later on down the road.
Source: NewsBTC