Bitcoin soared past the \$117,000 mark after former President Donald Trump signed two major executive orders on August 7, 2025, signaling a seismic shift in the crypto space. Here's a breakdown:
* **Crypto in Retirement Plans**: One order permits 401(k) accounts to invest in digital assets such as Bitcoin, paving the way for substantial institutional inflows and greater mainstream adoption.
* **Safeguarding Financial Access**: The second order bars banks from refusing service to individuals or companies based on religious or political affiliations. This move counters efforts similar to "Operation Chokepoint 2.0" and is expected to benefit crypto firms by ensuring access to banking services.
Key outcomes:
* Bitcoin surged to \$117,000, gaining 1.92% in the past 24 hours.
* Trading volume reached \$61.71 billion.
* Ethereum followed with a 5% rise, climbing to \$3,863.
While opinions vary, the response from the digital asset sector has been mostly favorable. Senator Cynthia Lummis applauded the action, noting it reinforces protections for Bitcoin and related technologies. Traditional finance figures, however, voiced apprehension regarding the anti-discrimination banking rule.
\#TRUMP #Write2Earn #binanceturns8 #CFTCCryptoSprint #BTCUnbound \$BTC
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