Crypto projects like Best Wallet token are ready to take off as Donald Trump eyes an executive order that would force the Federal Reserve to accept crypto banks into the system.
The measure comes as a response to Biden’s Operation Chokepoint 2.0, which sought to prevent crypto entities from accessing banking services.
Trump himself addressed the matter directly during the White House Digital Asset Summit, where he declared:
‘Under the Biden administration, regulators strong-armed banks into closing the accounts of crypto businesses and entrepreneurs […] and they weaponized the government against the entire industry. […] All of that will soon be over and we are ending Operation Chokepoint 2.0.’
The statement took place in the context of Trump announcing the formation of a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile.
The Connection to Obama’s Original Operation Chokepoint
Operation Chokepoint started in 2013 and ended in 2017 during Obama’s second term and was, and still is, characterized as controversial and unpopular among Republicans.
Obama’s initiative sought to pressure banks into banning targeted payday lenders and firearm dealers from their services, with notable figures like Dru Stevenson stating that the Department of Justice’s (DOJ) action was to make sure that:
‘[…] banks were to be more scrupulous and dutiful in screening for fraud and money laundering when they serviced business customers.’
The measure also received criticism, including from the US House of Representatives in their May 29, 2014 report – Operation Chokepoint: Illegally Choking Off Legitimate Businesses?
Operation Chokepoint 2.0 faces similar criticism, with MARA CEO Fred Thiel painting the initiative as ‘violating free market principles’ and ‘setting a dangerous precedent for financial censorship’.
Coinbase’s CEO, Brian Armstrong, applauded Trump’s upcoming executive order, stating that this is ‘the most pro-crypto Congress we’ve ever seen.’
But what does this mean for the crypto market in general and projects like Best Wallet token in particular?
Why Trump’s Executive Order Could Trigger the Next Bull
Trump’s upcoming executive order is the latest in the White House’s string of pro-crypto policies.
Another comes in the form of the U.S.’s Strategic Bitcoin Reserve, which the president green-lighted on March 6, 2025.
The signs are clear: the new administration pushes the crypto market into a more regulated space, which is bound to attract investors and increase public interest.
This will most likely lead to increased adoption and create upward value pressure for the best altcoins and best presales today, like Best Wallet.
Are Projects Like Best Wallet Token About to Explode?
Best Wallet Token is one of the new cryptocurrencies that could benefit from the crypto integration into the fed payment system.
The $BEST token presale is gaining significant momentum, having already raised an impressive $11 million and counting. Currently priced at $0.0243, this early-stage opportunity is attracting a wave of investors eager to capitalize on its potential.
By participating in the presale, investors unlock a range of exclusive benefits, including:
- Dynamic staking: The staking reward currently sits at 145% and drops as stakers keep joining the pool.
- Lower transaction fees: $BEST holders enjoy reduced transaction fees in the Best Wallet ecosystem.
- Community governance: Investors have the power to influence the project’s direction by voting on upcoming features.
$BEST airdrops are also available based on the number of points you hold. You can win points by participating in daily and seasonal quests, and the more points you accumulate, the higher the airdrop.
The token supports the Best Wallet ecosystem – a non-custodial platform that moves the wallet’s security and assets into the hands of the user.
Best Wallet currently supports thousands of coins, is working toward supporting 60+ blockchains and aims to implement several useful features.
The upcoming Best Card allows users to spend cryptocurrency for fiat-only transactions. The system makes the conversion automatically, allowing you to use the Best Card for retail operations worldwide.
Coinsult, a leading blockchain security firm, has conducted a thorough audit of Best Wallet and officially certified it as secure and reliable for investors. This independent verification reinforces Best Wallet’s commitment to safety, transparency, and trust in the crypto space.
Friendly reminder: this is not financial advice. Always DYOR (Do Your Own Research) before investing and remember that the crypto market is volatile and moody. There are no guarantees.
Is the Bull Ready to Charge?
The current crypto climate isn’t necessarily in the best state, following the infamous Bybit hack, which impacted not only Bybit’s reputation, but the market as a whole too.
This is set to change in light of recent events, something which Bitcoin advocate Samson Mow also predicts.
Trump’s Bitcoin Reserve highlights the White House’s trust in the crypto space.
‘Unfortunately, in recent years, the US government has foolishly sold tens of thousands of additional Bitcoins that were worth billions and billions of dollars had they not sold them. […] Not a good thing to have done,’ concluded Trump during the White House Digital Assets Summit.
Statements like these mark a shift in the U.S.’s stance on Bitcoin which could trigger a butterfly effect that would revitalize the entire crypto-sphere.
As always, DYOR, stay informed about market risks, and invest only what you can afford to lose — crypto is a highly volatile investment with inherent risks.
