Close Menu
Cryprovideos
    What's Hot

    ‘It’s Not Priced In’ – Bitwise CIO Says Ethereum, Solana, Uniswap and Others To See Enhance From Huge SEC Pivot – The Day by day Hodl

    August 7, 2025

    UK-based Union Jack Oil turns to Bitcoin mining amid rising community problem

    August 7, 2025

    Canaan Inc. Set to Announce Q2 2025 Monetary Outcomes

    August 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Bitcoin Surges To $117K As Trump Indicators 401(ok) Crypto Order Plans
    Bitcoin Surges To 7K As Trump Indicators 401(ok) Crypto Order Plans
    Bitcoin

    Bitcoin Surges To $117K As Trump Indicators 401(ok) Crypto Order Plans

    By Crypto EditorAugust 7, 2025Updated:August 7, 2025No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Bitcoin surged above $117,500 right now, recovering from an area backside of $114,278 simply yesterday, in response to knowledge from Bitcoin Journal Professional. The sharp rebound comes after President Donald Trump formally signed a landmark govt order that may permit cryptocurrencies similar to Bitcoin to be included in 401(ok) retirement accounts.

    The order directs the Division of Labor to revisit its present steerage on fiduciary tasks in ERISA-governed plans and make clear the suitable course of for providing diversified funds that embody different investments.

    Moreover, the order instructs collaboration between the Division of Labor, the Treasury Division, the Securities and Trade Fee (SEC), and different federal regulators to find out whether or not broader regulatory updates are wanted to help the coverage shift. The SEC can be particularly ordered to revise its personal guidelines to assist facilitate this entry, signaling a major transfer towards modernizing retirement funding choices for thousands and thousands of People.

    “President Trump desires to provide American employees extra funding choices so as to attain stronger and extra financially safe retirement outcomes,” the White Home reality sheet acknowledged. “Various property, similar to non-public fairness, actual property, and digital property, provide aggressive returns and diversification advantages.”

    Galaxy Digital CEO Mike Novogratz underscored the affect of this, stating {that a} “monster pool of capital” will get publicity to Bitcoin and crypto because of Trump’s govt order. “Tons of cash” shall be pouring in, he added.

    JUST IN: 🇺🇸 Mike Novogratz says “monster pool of capital” will get publicity to #Bitcoin and crypto with Trump’s govt order.

    “Tons of cash” pouring in 🚀 pic.twitter.com/gcYOxCzNhq

    — Bitcoin Journal (@BitcoinMagazine) August 7, 2025