President Trump's executive order now permits 401(k) retirement funds to invest in digital assets, triggering a 2.7% market rise and notable gains for Bitcoin, Ethereum, and XRP.
On August 7, President Trump signed an executive order enabling 401(k) plans to invest in cryptocurrency, private equity, and real estate. The move fueled a 2.7% market cap increase, with Bitcoin rising 1.7% to a daily peak near $117,600, Ethereum climbing 4.7% to approach $4,000, and XRP boosting 11.41%. The update could unlock up to $9 trillion from 401(k) assets, enhancing crypto market liquidity.