- Trump unlocks $12.5 trillion for the crypto market in one simple move.
- He signed an executive order allowing the 401(k) retirement market to invest in crypto.
- Bitcoin and altcoins grow even more bullish following this move.
President Donald Trump continues to show the crypto community that he keeps his promise and is constantly working to make America the global crypto hub. After multiple steps taken to elevate crypto innovation in the USA, Trump’s latest verdict may take the cake. To highlight, Trump unlocks $12.5 trillion for crypto by allowing the 401(k) retirement market to make crypto investments.
Trump Unlocks $12.5 Trillion for Crypto
Trump’s second chance at running the US office was granted, likely due to his strong pro-crypto stance. The crypto community was unhappy with the previous regime, and Trump’s opponent made no promises to improve crypto regulations. In contrast, Trump promised to make massive pro-crypto changes, starting with firing Gary Gensler and setting legislation to make America the global crypto hub.
On all his crypto-related promises, Trump has kept his word so far, and continues to go beyond. Soon after he took office, Trump got rid of Gary Gensler and put a pro-crypto chair in his seat. Then he announced the official formation of the US Strategic Crypto Reserve. An official report on the matter reveals that the US will hold a reserve and a stockpile of BTC and crypto, and will soon start accumulating assets.
Furthermore, Trump and his team are working to pass several bills into legislation to allow crypto assets to thrive long after his term. All in all, digital assets are set to improve the lives of American citizens and foster a transparent government and citizen relationship in terms of funds and government assets. Trump believes American taxpayers should know where their money is going and is working to deliver that transparent system.
Retirement Market Can Make Crypto Investments
Most recently, as the post above confirms, President Donald Trump signed an executive order allowing 401(k) retirement accounts to invest in crypto. This one move alone opens a floodgate to $12.5 trillion in capital. Thus, Trump, in a single move, has unlocked $12.5 trillion for crypto. With this executive signed, the retirement market can begin to invest in crypto and Bitcoin and other altcoins can sit in 401(k) accounts.
Ultimately, Trump and his administration have brought a lot of changes to the American government, turning the country into a crypto-friendly haven. His second shot at the presidency has changed the minds of many crypto companies that were preparing to relocate their headquarters to the UAE. Now, the USA is well on its way to becoming a major global crypto hub by fostering crypto innovation.