Ian Miles Cheong praises Bags App's efforts in onboarding newcomers to crypto, citing personal experience.

Ian Miles Cheong praises Bags App's efforts in onboarding newcomers to crypto, citing personal experience.

President Donald Trump has signed two executive orders that could significantly reshape the U.S. financial landscape. The orders, which were highlighted by White House crypto czar David Sacks on August 7, aim to enhance financial inclusion and market innovation [1].

The first executive order, titled "Guaranteeing Fair Banking for All Americans," is designed to prevent financial institutions from discriminating against individuals or organizations based on their political beliefs, religious affiliations, or lawful commercial activities. This measure is intended to block unfair censorship campaigns and prevent instances of "debanking," where accounts are closed or services are restricted for ideological reasons [1].

The second executive order, "Democratizing Access to Alternative Assets for 401(k) Investors," allows cryptocurrencies and other alternative assets to be included in federal retirement plans. This change will enable more than 90 million American workers to access the same range of assets available to government employees, potentially enhancing diversification and long-term performance for savers [1].

Supporters in the crypto sector view these orders as significant steps towards greater financial inclusion and market innovation, potentially boosting the legitimacy of digital assets in mainstream retirement planning. The twin directives reflect a White House strategy to widen investment access while embedding protections against politically motivated financial restrictions [1].

References:
[1] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=trump-signs-2-executive-orders-that-could-boost-crypto-markets