Galaxy Digital CEO Mike Novogratz says an executive order that President Trump is expected to sign as soon as today will bring a massive pool of capital to Bitcoin and crypto assets.
A senior White House official says the executive order will instruct the U.S. Secretary of Labor to reassess rules and allow 401(k) plans and other retirement accounts to hold crypto assets, reports CNBC.
In an interview, Novogratz says the change is a major step forward for the industry.
“Trump last night came out and talked about crypto assets being eligible for 401(k)s. I mean that’s a monster pool of capital.
And what we’re just seeing is through these treasury companies, through all kinds of different avenues, the aperture of being able to
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