On August 8th, Trump signed an executive order on Thursday, requiring the U.S. Department of Labor to reassess investment qualifications for industries such as private equity, real estate, and cryptocurrencies, allowing them to be included in 401(k) retirement plan investments. This move could not only inject massive funds into the market but also drive strong increases for cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
According to reports, the executive order also requires the Department of Labor to collaborate with relevant agencies such as the Treasury Department and the Securities and Exchange Commission (SEC) to study how to adjust supporting regulations and allow more types of investments into 401(k) retirement plans. It is expected that this change will allow approximately $12.5 trillion in retirement funds to flow into the market, which is undoubtedly strong support for cryptocurrencies and related assets.
In the past, due to legal risks, most enterprise retirement fund managers refused to include low-liquidity and complex structured products in 401(k) investments. BiyaPay analysts noted that the signing of this executive order is seen as a key step by the Trump administration to open the door to private markets and provide powerful policy support for cryptocurrency market development. This move is not only significant for the crypto market but also lays the foundation for future bull markets.
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