President Donald Trump is reportedly intensifying his pro-crypto agenda with plans to expand access to trillions from retirement funds and ease taxation for everyday crypto use.
According to a June 17 report by the Financial Times, sources familiar with the matter say the President could soon issue an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, gold, and private equity.
This initiative would mark a major shift in US retirement policy. Traditionally, 401(k) plans are limited to conventional assets like stocks and bonds. By including crypto and other alternatives, the White House aims to modernize investment options and tap into the growing appeal of digital assets.
A 401(k) is a tax-advantaged retirement plan in which US employees contribute a portion of their wages to an investment account. The new executive order is expected to direct federal regulators to evaluate and revise existing rules that currently restrict access to alternative assets.
If implemented, the move could lead to policies supporting direct crypto ownership, exposure through ETFs, and investments in blockchain-focused companies.
Omar Kanji, a partner at crypto venture firm Dragonfly, called the development the “biggest unlock” for the digital asset sector.
He noted:
“US retirement assets sit at $43 trillion, with $9 trillion in 401ks. With Trump opening the flooodgates, if crypto sees just a 1% allocation from 401ks, that’s ~$90B in fresh inflows. The retirement market is enormous, and the real party is about to get started.”
Bitcoin tax relief
In a separate development, the Trump administration is exploring a “de minimis” tax exemption for small crypto transactions. This would remove capital gains tax obligations for minor purchases made with digital assets like Bitcoin.
White House Press Secretary Karoline Leavitt confirmed that the administration is actively considering the policy as part of its strategy to promote crypto usage.
Currently, US tax law treats every crypto transaction as a taxable event that requires reporting of even small profits. The proposed exemption would mirror existing rules that waive taxes on foreign currency gains under $200, reducing the administrative burden for users making low-value purchases.
Custodia Bank CEO Caitlin Long emphasized the magnitude of this potential change, stating that it could surpass the impact of the GENIUS Act, a recently approved pro-crypto legislation.
If enacted, the exemption could accelerate Bitcoin’s role as a functional payment method rather than just an investment vehicle.
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