Trump Executive Orders Expand Crypto Access in 401(k)s and Crack Down on Debanking

On August 7, 2025, U.S. President Donald Trump signed two executive orders that have drawn significant attention from the blockchain and financial sectors. Summer Mersinger, CEO of the Blockchain Association, described the actions as a “historic shift” in how the U.S. approaches digital assets and the companies operating within the blockchain space [1]. The orders include provisions to allow cryptocurrencies and other alternative assets in 401(k) retirement plans and to penalize banks for “debanking”—the practice of denying services based on ideological reasons [1].

Mersinger hailed the directives as “landmark” actions, stating they signal an end to the discriminatory practice of debanking lawful crypto companies. She emphasized that the move conveys a clear message: the use of “reputation risk” to justify financial exclusion is no longer acceptable [1]. Additionally, she noted that the inclusion of regulated, diversified crypto exposure in retirement accounts expands consumer choice and empowers individuals to build wealth using high-performing digital assets [1].

The Blockchain Association also praised the executive orders for reflecting a “whole-of-government approach” aimed at reinforcing American leadership in financial innovation and protecting the freedom of individuals and businesses to engage in the digital economy [1]. These actions are part of a broader initiative by Trump to reshape U.S. financial policy, particularly in the blockchain sector. For instance, Trump recently appointed Paul Atkins, a businessman, to lead the U.S. Securities and Exchange Commission, with the goal of fostering a crypto-friendly regulatory environment [1].

The “debanking” directive has been welcomed by advocates for financial access, although some critics remain cautious about potential reputational risks for institutions complying with the new rules. Meanwhile, the 401(k) provision is seen as a step toward the mainstream adoption of digital assets within the U.S. financial system [1].

These developments follow other recent actions by U.S. financial authorities. Just last month, the U.S. Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to explore how cryptocurrencies could influence mortgage risk assessments [1]. The executive orders and related initiatives suggest a growing effort to integrate digital assets into traditional financial frameworks.

Mersinger’s endorsement highlights the importance of regulatory clarity and institutional recognition in advancing blockchain technology adoption. As the administration continues to signal support for the crypto industry, stakeholders are closely monitoring how these policies will shape the future of digital finance in the United States.

Source: [1] Blockchain Association's Summer Mersinger Praises Exec (https://cryptonews.com/news/trumps-executive-orders-mark-a-historic-shift-blockchain-association-ceo-summer-mersinger-says/)