DeutschYesterday, Trump signed two new crypto-friendly decrees. Both decrees could have a very positive long-term impact on the crypto market. The debanking of crypto companies is now considered to be over in the USA. At the same time, the US President is opening up the possibility for 90 million Americans to invest in cryptocurrencies as part of their retirement provision.
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Trump Signs Two Crypto-Friendly Decrees
The US-American crypto commitment continues. Yesterday, US President Donald Trump signed two new, crypto-friendly decrees. Crypto Czar David Sacks illuminated the event.
Sacks describes the two presidential decrees as “important”. He thanks the 79-year-old president for improving the financial opportunities available to investors in the United States as a result.
“Thank you, President Trump, for bringing more fairness and freedom to our financial system”, wrote the Crypto Czar.
Through one of the decrees, Trump wants to fully prevent debanking in the future. Governments and financial institutions like to fight against unwelcome people through debanking. Bank accounts are blocked in the process. Those affected lose access to their money and can no longer pay bills.
Prior to Trump’s election victory in November 2024, people from his own political environment were repeatedly affected by denbanking. In particular, financial censorship also affected the crypto industry in the USA – known as Chokepoint 2.0.
“‘Fair Banking for all Americans’ prevents the denial of banking services based on political or religious beliefs or legitimate business practices. This means that unfair censorship campaigns such as the withdrawal of banking services for conservatives or Operation Chokepoint 2.0 can never happen again”, explained David Sacks.
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Trump Allows 90 Million Americans to Invest in Crypto
With his second decree – entitled “Democratizing Access to Alternative Assets for 401(k) Investors” – Trump allows 90 million US Americans to invest in crypto as part of their retirement provision.
401(k) is a popular retirement plan in the USA, which previously only allowed investments in various investment funds. Thanks to Trump’s decree, alternative asset classes are now also permitted.
These include cryptocurrencies, but also real estate or private equity. For investors, the freedom of choice over which investments they make as part of their retirement provision is therefore growing considerably.
“[The decree] will give more than 90 million American workers, whose retirement savings are currently limited, access to the same alternative assets that are also available to government employees in order to achieve higher returns and better diversification”, announces David Sacks.
Did you know? Trump wants to replace FED chief Powell, which could trigger a price rally.
