Trump Signs 'Crypto Mandate'! Retirement Funds Can Invest in Crypto, Banks Can't Choke the Industry, Is Bitcoin Set to Soar?
In the early hours of August 13, Beijing time, the U.S. White House issued a major announcement: Trump signed two executive orders allowing retirement funds to invest in cryptocurrencies and fully prohibiting banks from rejecting crypto companies due to 'reputational risks'! As soon as the news broke, Bitcoin instantly surged past $120,000, and the crypto market went into a frenzy!
Retirement Funds Entering the Market, Trillions of Dollars May Flow In
The new regulations clarify that U.S. 401(k) retirement accounts can legally invest in Bitcoin, Ethereum, and other digital assets. Previously, retirement funds had been cautious about the crypto market due to vague policies, but now, with the loosening of regulations, trillions of dollars in long-term funds may flow into the crypto space, leading to a historic rise in mainstream assets.
Banks Forbidden to 'Choke the Industry', Crypto Companies Welcome Fairness
The long-standing 'banking ban' that troubled the industry has been abolished! Trump has tasked federal agencies with reviewing discriminatory policies within six months to ensure that crypto companies have access to equal financial services. Industry insiders commented: 'This is equivalent to issuing a 'protective charm' to the crypto world; banks will no longer dare to arbitrarily freeze accounts!'
Does the U.S. Want to Become the 'Crypto Supremacy'? Global Policies May Follow Suit
Even more significantly, the U.S. has established a federal regulatory framework for dollar-backed stablecoins through the 'Genius Act', allowing only compliant institutions to issue 1:1 pegged stablecoins with full 100% reserves. This move not only avoids the privacy risks associated with central bank digital currencies but also integrates stablecoins into the global payment system.
Additionally, the U.S. is assessing whether to include Bitcoin seized by the government into its national strategic reserves, forming a 'digital gold' reserve. Data shows that the U.S. government currently holds approximately 200,000 Bitcoins (worth over $17 billion) and is no longer selling but rather holding long-term. Analysts believe: 'The U.S. is practically telling the world that cryptocurrencies are the 'digital oil' of the future!'
Opportunities in the Crypto Space: Focus on Three Main Directions
Mainstream Assets First: Bitcoin, Ethereum, and others are receiving policy endorsement, and institutional funds may prioritize these;
The Rise of Compliant Stablecoins: Dollar stablecoins will become the new favorite for cross-border payments;
Infrastructure Upgrades: After banks collaborate, areas such as crypto custody and payments will experience explosive growth.
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