The Bitcoin price has shot over $117,000 following two important executive orders signed by President Donald Trump. The new orders enable retirement accounts to invest directly in crypto and prohibit unfair banking practices against individuals and lawful businesses.
Trump Orders Boost Bitcoin Price, Open 401(k)s to Crypto and Ban Ideological Debanking
TradingView data indicated a 1.92% increase in the price of Bitcoin as it increased to 117440 within 24 hours with a trading volume of $61.71 billion. The gains followed Trump’s executive order allowing 401(k) investors to include crypto assets and alternative investments as part of their retirement strategy.
The crypto retirement order directs the Department of Labor to revise rules so that fiduciaries can offer Bitcoin and other digital assets in self-directed 401(k) plans. It also asked Treasury and the SEC to make sure that there is no unfairness to include tokenized assets and cryptocurrencies in the list of qualified investments.
These transformations are geared towards democratizing access to financial expansion. These permits middle-class Americans to profit from asset investments that have actually been the domain of institutions.
Another White House statement revealed that Trump signed a second executive order to combat politicized and unlawful debanking. The directive prohibits regulators from supporting bank policies that deny services to potential customers based on political or religious beliefs.
It follows multiple reports of conservative businesses and Bitcoin companies being denied banking services without criminal cause. The order requires federal agencies to remove “reputational risk” guidance that allowed banks to debank lawful clients.
It also mandates that institutions reinstate individuals or businesses wrongly cut off from financial access. The Small Business Administration must now investigate past debanking and refer violations to the Attorney General.
Lummis Applauds Trump for Ending Operation Chokepoint 2.0
Meanwhile, Senator Cynthia Lummis has praised President Trump for ending Operation Chokepoint 2.0 with a new executive order. In a statement posted on social media, she thanked Trump for protecting the Bitcoin and digital asset industry and bringing it back to the United States.
Lummis, who chairs the Senate Subcommittee on Digital Assets, said the prior administration allowed regulators to unfairly target lawful crypto businesses. According to her, Trump’s action restores transparency and accountability in how Bitcoin and crypto companies are treated by banks and regulators.
President Trump is taking bold steps to ensure Operation Chokepoint 2.0 never happens again. Thank you, @POTUS, for bringing the digital asset industry back to the United States.🇺🇸 pic.twitter.com/8tiDGtqwBB
— Senator Cynthia Lummis (@SenLummis) August 7, 2025
Trump said his administration would hold banks accountable for discrimination. He described prior banking restrictions as a disgrace, blaming them for harming millions of Americans and freezing lawful financial activity.
Paul
Paul Adedoyin is a crypto journalist with 4+ years experience who provides timely news, in-depth research, and insightful content to inform and empower his audience. His works have been featured on sites such as CryptoMode, CryptoNewsFlash among others.
He holds a degree in Geophysics from OAU, Nigeria. When he’s not writing, he loves watching soccer and reading educative journals.
He can be reached via [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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