President Donald Trump completed the 200 days of his second term in the White House on Aug. 7, and the White House was quick to remind how the president has kept his promise of ending the Joe Biden era's war on crypto.

An executive order against the banks would come after Trump said in a CNBC interview on Tuesday that the country's top two lenders had previously rejected his deposits. Trump said

The White House is preparing to step up pressure against big banks over perceived discrimination against conservatives and crypto companies with an executive order that threatens to fine lenders that drop customers for political reasons.

Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments.

President Donald Trump is scheduled to sign an executive order Thursday to allow cryptocurrencies, private equity and real estate into employee 401(k)s.

This is yet another channel of sustained, long-term demand for Bitcoin that will bid the price higher,” Ryan Rasmussen, head of research at the crypto asset management firm Bitwise, told Fortune. The rise in the crypto and equities markets follows multiple reports that Trump will sign an executive order Thursday midday that will task the Labor Department to reevaluate guidance for fund managers about whether alternative assets can be included in 401 (k)s.