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Bitcoin Tops $120K on Report of Trump Approving Crypto Investments for Retirement Accounts
The president could sign an executive order as soon as this week to clear regulatory hurdles to allow investing in alternative assets including crypto in 401(k) accounts.
Updated Jul 17, 2025, 10:28 p.m. Published Jul 17, 2025, 10:25 p.m.
What to know:
- President Trump is set to sign an executive order allowing retirement accounts to invest in alternative assets like cryptocurrencies.
- The order aims to expand 401(k) investment options to include other assets beyond stocks and bonds.
- Bitcoin rose above $120,000 following the report of the potential policy change.
U.S. President Donald Trump is preparing to sign an executive order to allow retirement accounts for alternative investments including cryptocurrencies, the Financial Times reported on Thursday.
The order, which could be signed as soon as this week, would to allow 401(k) accounts to invest in a broader set of assets beyond traditional stocks and bonds such as digital assets, gold and private equity, and would direct regulators to clear any hurdles.
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Bitcoin jumped above $120,000 on the report, up 1.7% through the past 24 hours. Meanwhile, XRP surged to a fresh all-time high, breaking its 2018 record.
Read more: GENIUS Act for Stablecoins Passes House on Way to Being First Major U.S. Crypto Law
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