Best Crypto to Buy Now as Trump’s New Executive Orders Boost Market Sentiment
The post Best Crypto to Buy Now as Trump’s New Executive Orders Boost Market Sentiment appeared on BitcoinEthereumNews.com.
Staying aligned with his progressive stance towards crypto and to realize the vision of “Make America Wealthy Again,” President Donald Trump has signed two new executive orders. The first order will democratize access to alternative assets for 401(k) investors, and the second order will offer “guaranteed fair banking for all Americans.” The arrival of these orders has had a direct impact on the Bitcoin price, which is now valued at above $116K. Investors will now be watching to see the results of these orders in practice and how they will influence their choice for the best crypto to buy now. Uncensoring and Democratization – The Core of the Executive Orders Some might argue that the Biden administration was filled with virtue signalling, where even if people’s beliefs did not align with the mainstream, banks had the power to “debank” these individuals. In the view of many, this removed fairness from the system, and that is why the second executive order, “Guaranteed Fair Banking for All Americans,” is important. The bill removes “reputational risk” as the rationale that banks have used to deny services to crypto banking companies. It also requires investigations into banks that have denied services to companies or individuals due to their personal, political, or religious beliefs. With this executive order in effect, the banking friction that crypto firms face will be reduced, giving them greater access to operational stability. The first executive order, “Democratizing Access to Alternative Assets for 401(k) Investors,” focuses on empowering federal agencies like the SEC, Department of Labor, and Treasury to revise rules to ensure that current 401(k) plans can also include alternative assets. Its goal is to remove regulatory or ethical concerns associated with riskier assets. For the crypto market, this executive order opens the door for money from over 90 million…
