US “Crypto Czar”: ‘Retirement Pension Virtual Asset Investments… Will Enhance Yields’

David Sacks, the White House virtual assets and artificial intelligence (AI) policy head (Crypto Czar) in the United States, welcomed President Donald Trump’s move to relax regulations on retirement pension investments, stating that “it will help boost returns for American workers and diversify assets.”

On the 7th (local time), Sacks announced on his X account, “President Trump has signed two important executive orders for the virtual asset (cryptocurrency) industry. These are decisions that further enhance fairness and freedom within the U.S. financial system.”

The first order, 'Guaranteeing Fair Banking for All Americans,' stipulates that banks cannot deny services based on political or religious beliefs or for engaging in legal business activities. Sacks stated, “With this measure, unjust financial censorship such as ‘debanking’ or ‘Operation Chokepoint 2.0’ will not occur again.”

Regarding the second order, 'Democratizing Access to Alternative Assets for 401(k) Investors,' he noted, “Now, more than 90 million American workers will be able to invest their retirement pensions in a variety of alternative assets, including digital assets, just like government employees,” and emphasized, “Investing in alternative assets will help increase retirement returns and diversify portfolios.”

He further added, “President Trump has ensured greater fairness and freedom within the financial system,” expressing his gratitude.