According to @KobeissiLetter, President Trump allowed 401(k)s to buy crypto, citing $9 trillion in 401(k) assets versus a roughly $4 trillion total crypto market cap, implying access to capital about 2.25x the market’s size; Source: The Kobeissi Letter post on X dated Aug 9, 2025. For implementation, any broad 401(k) access to crypto would need to align with or be reflected in updated guidance from the U.S. Department of Labor, which in March 2022 cautioned plan fiduciaries about offering crypto in plan lineups under ERISA (Compliance Assistance Release 2022-01); Source: U.S. Department of Labor, EBSA, CAR 2022-01, March 2022. Plan-level offerings have historically depended on provider policies, as seen when Fidelity announced an optional Bitcoin exposure for workplace retirement plans in April 2022, subject to employer approval; Source: Fidelity Investments press release, April 26, 2022. Trading focus: monitor official statements from the Department of Labor and major plan providers for confirmation, and track spot Bitcoin ETF volumes and flows as potential allocation rails if plans adopt crypto, following the SEC’s January 2024 approval of U.S.-listed spot Bitcoin ETFs; Source: U.S. Securities and Exchange Commission approval order and statements, Jan 10, 2024.