US President Donald Trump will sign an executive order on Thursday allowing the inclusion of Bitcoin and cryptocurrencies in retirement funds.
Bloomberg first reported the development today, one that would open the digital asset market to a new stream of capital influx. Specifically, the executive order would allow Bitcoin, alongside private equities, real estate, and other alternative investments, access to the US 401(k) market.
This comes on the heels of a recent declaration that lifted the restrictions preventing retirement funds from buying Bitcoin. For context, the US Department of Labor in May rescinded a years-long guideline discouraging retirement funds from including cryptocurrencies.
Bitcoin to Access $43T Retirement Market
For perspective, the US retirement assets totaled $43 trillion in the first quarter of 2025, a market that Trump’s executive order today would give the crypto industry access to. Trump’s order will mandate Washington regulators to reevaluate and clarify existing rules, allowing 401(k) funds to invest in alternative assets like Bitcoin.
Before the recent relapse, the US DOL encouraged these funds to invest in US bonds, stocks, and other low-risk markets. However, with digital assets gaining mainstream adoption, they are emerging as worthy assets for investment diversification.
Moreover, Trump has declared that he wants to make America the crypto capital of the world. The order, which the president will sign by 4 pm (UTC) today, adds to his broader effort to bolster the industry’s reach in the US market.
Galaxy Digital CEO Mike Novogratz told CNBC that the order would expand access to cryptocurrencies, bringing in more capital into the sector.
“That’s a monster pool of capital,” he emphasizes, noting that such avenues would commonize exposure to the crypto ecosystem.
Broader Effort to Boost Crypto Mainstream Stay
The order further aligns with Trump’s push to ensure that crypto thrives in the US and continues that way beyond his tenure. His administration has been fronting the establishment of clear guidelines that would guide regulators in their dealings with the emerging industry.
Besides rolling back restrictions and closing regulatory probes into major crypto firms, he has also signed an executive order to create a national crypto reserve, including Bitcoin, Ethereum, and XRP, among others.
Trump recently signed the GENIUS Act, the first federal crypto bill in US history. Notably, he played a crucial part in the final passage in the US House, lobbying with GOP hardliners to vote in favor of the bill.
Bitcoin and other assets have also grown considerably owing to these efforts. Today, they also reacted to the development. BTC reclaimed $116,000 for the first time since July 31, with Ethereum and XRP respectively rallying 6% and 3.4% in the past 24 hours.
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