MAIN CRYPTO POLICY COMBO FROM TRUMP
Yesterday, $BTC and $ETH surged partly due to Trump’s positive policy news, including:
1. Signing an executive order to allow Bitcoin and digital assets into 401(k) – a retirement market worth $8.7 trillion.
- Trump’s executive order requires the Department of Labor to review guidelines, opening the door for alternative assets – with crypto as a strong candidate – to become a legal part of Americans' retirement portfolios.
2. The “Fair Banking for All Americans” executive order completely ends Biden's Chokepoint 2.0 Campaign – which was seen by the crypto community as an underlying barrier when banks refused to serve blockchain businesses and projects.
- This means that banks in the U.S. are not allowed to refuse to open accounts or provide services to businesses or individuals solely because they operate in the crypto sector (or other legal industries).
3. The significant implications of these 2 policies
- Legalizing the flow of money into crypto: Not only allowing investments but also ensuring that the banking system cannot “shut off the tap” when the money starts flowing.
- Breaking the legal blockade during Biden's era: The digital asset industry can now access traditional financial infrastructure without fear of being blocked for political reasons.
=> The U.S. implicitly sends the message that crypto is a part of the financial system, not a “threat to be eliminated”.
=> In other words, this is not just “opening the door” for Bitcoin into the TradFi living room, but also ensuring no one can lock the door.
