President Donald Trump signed an executive order Thursday that could open 401(k) retirement plans to private equity, real estate, cryptocurrency and other alternative assets.

The U.S. Securities and Exchange Commission’s case against Ripple Labs is officially over, nearly five years after it began.

Cameron and Tyler Winklevoss have invested in American Bitcoin Corp., a crypto mining firm backed by Eric Trump and Donald Trump Jr., ahead of its planned public debut.

Top stories in the Crypto Roundup today:

• Trump Order Opens 401(k)s to Crypto, Private Equity, and Other Alternatives
• SEC Formally Ends Lawsuit Against Ripple After Nearly Five Years
• Winklevoss Twins Invest in Trump-Linked Bitcoin Mining Firm

Trump Order Opens 401(k)s to Crypto, Private Equity, and Other Alternatives

President Donald Trump signed an executive order Thursday that could open 401(k) retirement plans to private equity, real estate, cryptocurrency and other alternative assets.

The order instructs the Labor Department to revisit rules on what employers can offer in retirement plans. It also calls for coordination with the Treasury and SEC to ease access to alternative investments.

Backers say the move gives savers more options as public markets shrink and private assets grow. Critics warn the shift could saddle workers with complex, expensive investments and raise legal risks for plan administrators.

SEC Formally Ends Lawsuit Against Ripple After Nearly Five Years

The U.S. Securities and Exchange Commission’s case against Ripple Labs is officially over, nearly five years after it began.

In a filing Thursday, both the SEC and Ripple told the Second Circuit Court of Appeals they were voluntarily dismissing their appeals of a 2023 ruling. Each side will cover its own legal costs, bringing the legal fight over XRP’s status to a close.

The SEC first sued Ripple in 2020 under former Chair Jay Clayton, claiming the company violated securities laws by selling XRP without registration.

A federal judge ruled in 2023 that Ripple’s institutional sales of XRP broke the law, but that sales to retail investors through exchanges did not. That mixed decision triggered appeals from both sides, until now.

Winklevoss Twins Invest in Trump-Linked Bitcoin Mining Firm

Cameron and Tyler Winklevoss have invested in American Bitcoin Corp., a crypto mining firm backed by Eric Trump and Donald Trump Jr., ahead of its planned public debut.

The twins participated in an oversubscribed $220 million private placement, paying in bitcoin, according to Hut 8 CEO Asher Genoot. The deal combines Hut 8’s mining assets with a Trump-affiliated entity.

American Bitcoin is set to merge with Nasdaq-listed Gryphon Digital Mining in an all-stock transaction expected to close in September. 

Once public, the firm will operate under the American Bitcoin name.

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