Trump Crypto Executive Orders: Kiyosaki Praises New 401(k) and Debanking Rules

Author and financial advisor Robert Kiyosaki is praising President Donald Trump as a “great leader” after Trump signed two major pro-crypto executive orders this week.

Taking to social media today, Kiyosaki called the new Trump retirement account policy “,” hailing him as a “great leader.”

On Thursday, an executive order allowing 401(k) retirement accounts to invest directly in Bitcoin and other cryptocurrencies. This puts digital assets alongside private equity, real estate, and other alternative investments in eligible retirement portfolios.

As CoinEdition reported:

The move follows the U.S. Department of Labor’s recent reversal of a years-long guideline that discouraged crypto in retirement funds. With U.S. retirement assets valued at $43 trillion in Q1 2025, the decision could channel massive capital inflows into the crypto sector.

Galaxy Digital CEO Mike Novogratz called the market “a monster pool of capital,” noting that such access could accelerate mainstream adoption of digital assets.

Since the signing, the crypto market re-entered a new bullish phase. The price of Bitcoin briefly spiked to $117,689 before settling slightly below at $116,900. Meanwhile, the Ethereum price broke above $3,900 for the first time this year.

In a separate order signed Wednesday, Trump moved to end what many in the industry refer to as “Operation Choke Point 2.0,” an alleged coordinated effort to deny banking services to crypto firms.

The order bans banks from discriminating against legal businesses or individuals based on “reputational risk,” political affiliation, or industry involvement. It directs federal regulators to review and repeal any guidelines that enable such practices and to penalize noncompliant institutions.

The action comes after high-profile debanking cases involving Ripple CEO Brad Garlinghouse, Coinbase CEO Brian Armstrong, and Kraken co-founder Jesse Powell.

Why this was needed:

Since assuming office in January, Trump has made multiple moves to bolster the US crypto market, including creating a national strategic crypto reserve in March. These latest orders further strengthen his pledge to make America the “crypto capital of the world.”