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This time, the news of the significant rise in BTC and ETH has been found.

First: On August 7, Trump signed an executive order allowing cryptocurrencies and other assets to enter 401K retirement savings plans.

Second: On August 8th, Trump officially signed an executive order prohibiting federal regulatory agencies from preventing banks from providing services to the cryptocurrency industry on the grounds of "reputational risk."

First, let's talk about the first point: the entry of crypto assets into 401(k) means that the US government and regulators, to some extent, acknowledge that cryptocurrency is a viable asset class for investment, which will also force more financial institutions to provide compliant pathways for crypto.

This step is very similar to the approval of gold ETFs into retirement funds 20 years ago, marking a shift from "alternative" to "standard."

The market size of the US is over 7 trillion dollars, and even if only 1% of the funds flow into cryptocurrencies, it would be an incremental fund of hundreds of billions of dollars.
The characteristics of this fund pool are long-term, regular investment, and not easily withdrawn, which will provide stable buying pressure during bear markets and reduce volatility.

The significance of this matter is like opening a large gate on the "walls" of the cryptocurrency market. The trend of compliance is strengthening, and institutional funds are accelerating their entry, which will drive cryptocurrency from the periphery to core asset allocation.

The second point is that stopping banks from discriminating against the crypto industry means that banks will think twice before arbitrarily shutting down the accounts of exchanges or individual traders, as doing so would be opposing the president. The past unjust practices have eroded public trust in the financial system and caused economic harm to law-abiding citizens. This measure is seen as an important step towards ending the "Chokepoint 2.0" operation.

Trump's executive order is essentially a "financial oxygen tank" for the American cryptocurrency industry.

Before, the bank wouldn't let you use it, just like a country not giving you a port or a currency channel—no matter how strong you are, you will slowly be dragged to death.

The restoration of services not only means that crypto companies can survive, but it may also attract more capital back to the United States, pushing the U.S. back to a core position in the crypto industry.