On Thursday, Trump signed an executive order directing the Department of Labor to pave the way for the introduction of alternative assets such as cryptocurrency and private equity into 401(k) retirement plans. The order also requires federal agencies, including the SEC and the Treasury Department, to cooperate in its implementation and to consider adjusting the definition of 'accredited investor' to expand investment channels.
As a result, the cryptocurrency market surged, with the main focus on the ETH ecosystem.