U.S. President Donald Trump is expected to sign an executive order today that would make it easier to add crypto and other alternative assets to U.S. retirement savings plans.
U.S. President Donald Trump is expected to sign an executive order today, Aug. 7, to allow cryptocurrencies, alongside private equity and other alternative assets to be held in tax-advantaged 401(k) retirement accounts, a policy shift that would give digital assets a new pathway into mainstream investment portfolios.
The announcement triggered a sharp rally across major tokens. Bitcoin briefly traded at about $116,000, while Ether climbed back to roughly $3,800. Trading-platform data also showed liquidations of large short positions in Ether as prices spiked.
On-chain analytics indicate that a single entity has accumulated 128,204 Ether—valued at roughly $465 million—over the past three days through institutional desks FalconX, Galaxy Digital and BitGo, underscoring renewed demand from deep-pocketed investors.
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Source: https://thedefiant.io/news/regulation/trump-order-opens-401-k-plans-to-crypto-bitcoin-jumps-above-116000-ff34e874