This week marked further progress in the U.S. crypto regulation environment, with President Donald Trump’s administration making moves in favor of digital assets and the Securities and Exchange Commission (SEC) clarifying the legality of liquid staking products.
Trump Pushes for Crypto in 401(k) Retirement Accounts
President Trump on Thursday signed an executive order that could reshape the future of American retirement savings. The directive urges regulators to identify and remove barriers preventing employers from offering alternative assets—such as cryptocurrencies, private equity, and real estate—in workplace retirement plans known as 401(k)s.
The move is part of a broader agenda to diversify investment options for American savers, especially amid inflation concerns and dissatisfaction with traditional pension plans.
While the order doesn’t immediately change existing rules, it instructs regulatory bodies, including the Department of Labor and the Treasury, to re-evaluate current restrictions and recommend reforms.
By targeting 401(k) limitations, Trump is pushing crypto regulation into mainstream financial planning. If fully implemented, the policy could allow millions of Americans to allocate retirement funds to Bitcoin and other digital assets through regulated channels, effectively legitimizing crypto as a long-term wealth vehicle.
Pro-Crypto Economist Stephen Miran Nominated to Fed Board
Alongside the retirement reform, Trump announced the nomination of economist Stephen Miran to the Federal Reserve Board of Governors. Miran, who currently serves as chair of the Council of Economic Advisers, is widely viewed as supportive of digital assets and financial innovation.
Trump made the announcement via Truth Social, stating that Miran will fill the seat vacated by Adriana Kugler, a Biden appointee who recently resigned.
Although Miran’s term will run only through January 2026, the decision is being interpreted by analysts as a sign of continuity in Trump’s evolving pro-crypto stance.
The news coincided with Bitcoin’s rise back above $117,000—a symbolic reminder of the strong link between crypto markets and policy developments. With Miran on the Fed Board, crypto-friendly monetary policy views could find firmer footing at the U.S. central bank.
Association Hails Trump’s Exec Orders as ‘Historic Shift’
Trump’s twin executive orders also drew praise from crypto industry leaders. Summer Mersinger, CEO of the Blockchain Association, called the actions “a historic shift in how the U.S. treats digital assets and the innovators building in this space.”
The second order, signed alongside the 401(k) directive, seeks to end the controversial practice of “debanking”—where financial institutions deny services to lawful crypto firms based on perceived reputational risk. The order penalizes banks that discriminate against crypto clients without due cause, a move that could ease operational burdens for blockchain startups and exchanges.
Mersinger stated that the executive orders are not only pro-business but also reinforce consumer rights.
“Allowing Americans to include regulated, diversified crypto exposure in their retirement accounts expands consumer choice and empowers individuals to responsibly build wealth,” she said.
SEC Clarifies Liquid Staking Is Not a Securities Transaction
While the executive branch took the spotlight this week, the SEC also made waves by clarifying its stance on liquid staking, a long-awaited issue for the DeFi sector amid crypto regulation concerns.
In a statement released Tuesday, the SEC’s Division of Corporation Finance explained that certain types of liquid staking models, particularly those involving receipt tokens like Lido’s stETH, do not qualify as securities. This means platforms can offer these services without registering them under securities law, easing fears of regulatory crackdowns.
Jason Gottlieb, a partner at Morrison Cohen, welcomed the move, noting that the SEC appears to be maturing in its understanding of crypto mechanics.
“At heart, a liquid staking token is just a receipt on a token,” he said. “With the SEC now correctly taking the position that cryptocurrency tokens themselves are not securities, it makes sense that a receipt for a token is not a receipt for a security.”
The guidance is expected to boost institutional confidence in liquid staking and may pave the way for regulated DeFi investment products in the U.S. market.
SEC Chair Vows to Keep Crypto Development on U.S. Soil
Rounding out the week’s crypto regulation developments, newly appointed SEC Chair Paul Atkins reaffirmed his commitment to ensuring crypto innovation happens in the United States.
In remarks delivered at the America First Policy Institute and later posted on his official X account, Atkins said the SEC under his leadership will be “proactive, not reactive” in building a crypto-friendly regulatory environment.
“The SEC will not stand idly by and watch innovations develop overseas while our capital markets remain stagnant,” he said, framing the agency’s future agenda as a bid to reclaim U.S. leadership in digital finance.
Atkins’ comments build on a broader shift in tone at the SEC, where officials appear increasingly open to working with the crypto industry rather than policing it through enforcement alone.
From Washington to Wall Street, this week shows a growing political will to integrate digital assets into the mainstream financial system. Trump’s executive orders, along with regulatory signs from the SEC, suggest a more constructive environment for both crypto firms and investors heading into the second half of 2025.
The post Weekly Crypto Regulation Roundup: Trump Backs Crypto in 401(K) Accounts, and SEC Embraces Liquid Staking appeared first on Cryptonews.
