President Trump signed two crucial executive orders regarding the crypto industry today. One centers on preventing debanking, while the other allows cryptoassets to be included in retirement portfolios like pensions or 401(k)s.
These measures both seem likely to encourage further institutional investment in this sector.
Trump’s New Executive Orders Explained
Since taking office, President Trump has initiated a crusade of pro-crypto regulation, touching on many aspects of interest to the industry.
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In particular, he’s taken a firm stance against crypto debanking, planning conclusive action to prevent another Operation Choke Point. Today, Trump finally signed his executive order on crypto debanking:
“Today, President Donald J. Trump signed an Executive Order to ensure that Federal regulators do not promote policies and practices that allow financial institutions to deny or restrict services based on… lawful business activities, ensuring fair access to banking for all Americans,” the order claimed.
Trump’s executive order doesn’t necessarily focus on crypto debanking, but its text clearly alludes to industry-specific events like Operation Choke Point 2.0.
The order combines several previous directives, like removing reputational risk guidelines, alongside new measures. It also aims to restore previously debanked individuals and businesses and prevent similar actions.
President Trump signed multiple executive orders in one session, including another of particular relevance to crypto. As the White House signaled beforehand, federal policy will now allow crypto in retirement plans like 401(k)s and pensions.
These developments seem liable to spur further institutional investment in this sector.
source : https://beincrypto.com