Trump, Who Called BTC a “Scam,” Now Touts Crypto “Solution”
The post Trump, Who Called BTC a “Scam,” Now Touts Crypto “Solution” appeared on BitcoinEthereumNews.com. President Trump called the traditional financial system “broken” and promoted cryptocurrency as the solution. An executive order now allows 401(k) accounts to invest in cryptocurrencies and private equity. Accountable.US estimates 73% of Trump’s net worth comes from crypto holdings, alongside a $1.5 billion family crypto treasury. In a stunning reversal, President Donald Trump who once called Bitcoin a “scam” has delivered one of his most direct endorsements of cryptocurrency yet. He is now calling the traditional financial system “broken” and arguing that digital assets offer a “solution.” This dramatic change of heart coincides with a flurry of pro-crypto policy actions and new revelations about his personal holdings, and legislative debates that could redefine the role of crypto in the U.S. economy. It’s come to this. Even with a lawsuit threat from the President, Fed Chair Powell holds firm on the economy. Here’s our analysis. Backing Up Words with Action Backing up his new pro-crypto rhetoric, the President on August 7 signed an executive order enabling 401(k) retirement accounts to invest in cryptocurrencies and private equity alongside conventional assets. This policy broadens the scope of retirement planning and reflects a deliberate shift toward integrating alternative investments into mainstream portfolios. Proponents view the move as a way to modernize savings options, while critics point to the potential dangers of exposing retirement funds to volatile markets. The decision follows earlier White House efforts to align regulatory frameworks with the growing presence of digital assets in global finance. A deeper look. The 401(k) order was huge. Here’s our full, detailed report on that and the ‘debanking’ order that came with it. An $11.6 Billion Reason for the Change of Heart? This policy shift comes as a new report from Accountable.US sheds light on a $11.6 billion reason for the President’s change of heart. That…
The post Trump, Who Called BTC a “Scam,” Now Touts Crypto “Solution” appeared on BitcoinEthereumNews.com.
President Trump called the traditional financial system “broken” and promoted cryptocurrency as the solution. An executive order now allows 401(k) accounts to invest in cryptocurrencies and private equity. Accountable.US estimates 73% of Trump’s net worth comes from crypto holdings, alongside a $1.5 billion family crypto treasury. In a stunning reversal, President Donald Trump who once called Bitcoin a “scam” has delivered one of his most direct endorsements of cryptocurrency yet. He is now calling the traditional financial system “broken” and arguing that digital assets offer a “solution.” This dramatic change of heart coincides with a flurry of pro-crypto policy actions and new revelations about his personal holdings, and legislative debates that could redefine the role of crypto in the U.S. economy. It’s come to this. Even with a lawsuit threat from the President, Fed Chair Powell holds firm on the economy. Here’s our analysis. Backing Up Words with Action Backing up his new pro-crypto rhetoric, the President on August 7 signed an executive order enabling 401(k) retirement accounts to invest in cryptocurrencies and private equity alongside conventional assets. This policy broadens the scope of retirement planning and reflects a deliberate shift toward integrating alternative investments into mainstream portfolios. Proponents view the move as a way to modernize savings options, while critics point to the potential dangers of exposing retirement funds to volatile markets. The decision follows earlier White House efforts to align regulatory frameworks with the growing presence of digital assets in global finance. A deeper look. The 401(k) order was huge. Here’s our full, detailed report on that and the ‘debanking’ order that came with it. An $11.6 Billion Reason for the Change of Heart? This policy shift comes as a new report from Accountable.US sheds light on a $11.6 billion reason for the President’s change of heart. That…
What's Your Reaction?
