US President Donald Trump has taken significant steps to promote cryptocurrencies, stablecoins, and blockchain technology during his second term. Notably, he signed an executive order on August 7 aimed at expanding access to alternative investments in 401(k) retirement savings plans, which may benefit Bitcoin Cash (BCHUSD). Additionally, the government is now allowed to own other digital currencies, or altcoins.
These decisions have led to a loosening of restrictions on the crypto sector. Lawsuits against companies like Ripple and Coinbase were dropped or settled, and the company’s ties to the Trump family are still strong. Eric Trump and Donald Trump Jr., both involved in World Liberty Financial, recently invested $1.5 billion in a crypto project.
To benefit from this new executive order, investors can consider three cryptocurrencies: Bitcoin Cash (BCHUSD), Binance Token (BNBUSD), and Unus Sed Leo (LEOUSD).
Bitcoin Cash has delivered significant gains over the past three years, with nearly 400% growth. It is a hard fork of the original Bitcoin blockchain and aims to address its shortcomings. Although it remains less popular than Bitcoin, BCH has a dedicated fan base.
Binance Token is the primary cryptocurrency of the Binance ecosystem and benefits from the company’s resilience despite multiple market downturns. With significant upgrades recently, BNB may see further growth.
Unus Sed Leo, the native utility token for Bitfinex, provides tiered discounts on trading fees based on LEO ownership. As altseason approaches, traders will be incentivized to hold more LEO, which could benefit its price action.
Source: https://www.barchart.com/story/news/34087203/trump-signs-order-allowing-americans-to-add-crypto-in-their-401ks-here-are-3-of-the-top-rated-coins-to-buy-now