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Donald Trump to Sign Executive Order to Allow Bitcoin and Crypto In 401(K)s
Donald Trump to Sign Executive Order to Allow Bitcoin and Crypto In 401(K)s
August 7, 2025
Trump with US flag
US President Donald Trump will sign an executive order on Thursday allowing the inclusion of Bitcoin and cryptocurrencies in retirement funds. Bloomberg first reported the development today, one that would open the digital asset market to a new stream of capital influx. Specifically, the executive order would allow Bitcoin, alongside private equities, real estate, and other alternative investments, access to the US 401(k) market.
This comes on the heels of a recent declaration that lifted the restrictions preventing retirement funds from buying Bitcoin. For context, the US Department of Labor in May rescinded a years-long guideline discouraging retirement funds from including cryptocurrencies.
Moreover, Trump has declared that he wants to make America the crypto capital of the world. The order, which the president will sign by 4 pm (UTC) today, adds to his broader effort to bolster the industry’s reach in the US market.
Galaxy Digital CEO Mike Novogratz told CNBC that the order would expand access to cryptocurrencies, bringing in more capital into the sector.
“That’s a monster pool of capital,” he emphasizes, noting that such avenues would commonize exposure to the crypto ecosystem.
Broader Effort to Boost Crypto Mainstream Stay
The order further aligns with Trump’s push to ensure that crypto thrives in the US and continues that way beyond his tenure. His administration has been fronting the establishment of clear guidelines that would guide regulators in their dealings with the emerging industry.
Besides rolling back restrictions and closing regulatory probes into major crypto firms, he has also signed an executive order to create a national crypto reserve, including Bitcoin, Ethereum, and XRP, among others.
Trump recently signed the GENIUS Act, the first federal crypto bill in US history. Notably, he played a crucial part in the final passage in the US House, lobbying with GOP hardliners to vote in favor of the bill.
Bitcoin and other assets have also grown considerably owing to these efforts. Today, they also reacted to the development. BTC reclaimed $116,000 for the first time since July 31, with Ethereum and XRP respectively rallying 6% and 3.4% in the past 24 hours.
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