Bitcoin News Today: Trump Signs Executive Orders to Allow Crypto in 401(k)s and Curb Debanking

President Donald Trump has signed two major executive orders aimed at reshaping the regulatory landscape for cryptocurrencies, with financial commentator Robert Kiyosaki praising the moves as progressive and investor-friendly. The orders, which focus on integrating digital assets into retirement accounts and eliminating discriminatory banking practices, mark a significant shift in U.S. financial policy [1].

One of the key components of the executive action is the allowance for 401(k) investors to allocate funds into Bitcoin and other cryptocurrencies. The Department of Labor has been directed to revise retirement investment rules, enabling fiduciaries to offer digital assets as options in self-directed retirement plans [1]. This change could unlock access to the $43 trillion U.S. retirement market, potentially channeling substantial capital into the crypto sector and accelerating its mainstream adoption [1].

The second executive order targets what industry leaders describe as “Operation Choke Point 2.0,” a practice involving the denial of banking services to crypto firms based on political or reputational considerations. Trump’s directive prohibits banks from engaging in such discrimination and mandates the removal of any regulatory guidance enabling these practices [1]. The order also requires federal regulators to penalize noncompliant institutions and for the Small Business Administration to investigate past instances of unfair debanking [1]. This action follows high-profile cases involving executives from Ripple, Coinbase, and Kraken, who had faced challenges in securing traditional banking services [1].

Kiyosaki, a long-time advocate for alternative investments, has praised Trump as a “great leader” for these pro-crypto policies, calling the retirement account reform “big news” for individual investors [1]. His endorsement underscores a growing sentiment among financial commentators that the U.S. is taking meaningful steps toward embracing digital assets as part of a broader financial ecosystem [1].

The market has already responded to the news, with Bitcoin briefly surging to $117,689 before settling near $116,900. Ethereum also saw a notable increase, breaking above $3,900 for the first time this year [1]. Analysts attribute the rise to improved investor confidence in the evolving regulatory environment for cryptocurrencies [1].

These executive actions align with Trump’s broader goal of positioning the U.S. as the “crypto capital of the world.” Earlier this year, the administration established a national strategic crypto reserve, further signaling a long-term commitment to digital asset development [1]. While the White House has not yet provided a timeline for implementation, industry stakeholders are closely watching the Department of Labor and the Treasury as they work to update regulatory frameworks to support these policies [1].

Sources:

[1] Kiyosaki Praises Trump's New Pro-Crypto 401(k) Order – [https://coinedition.com/trump-crypto-executive-orders-kiyosaki-praises-new-401k-and-debanking-rules/](https://coinedition.com/trump-crypto-executive-orders-kiyosaki-praises-new-401k-and-debanking-rules/)

[1] Bitcoin Surges as Trump Signs Executive Orders – [https://coingape.com/bitcoin-surges-as-trump-signs-executive-orders/](https://coingape.com/bitcoin-surges-as-trump-signs-executive-orders/)