Trump’s Executive Order Set to Direct Regulators Clear Path for Crypto in 401(k)s
- Trump signed an order enabling crypto and private equity in 401(k) plans, reversing previous restrictions.
- Bitcoin price spiked as the news broke, showing immediate market impact.
- Critics warn of risks including volatility, fees, and potential lawsuits over fiduciary duties.
American retirement savers may soon be able to add cryptocurrency to their 401(k)s. President Donald Trump is expected to sign an executive order today directing regulators to open the door for alternative assets in the nation’s largest retirement plans, according to a White House official.
What Would Trump’s Order Actually Do?
The expected executive order would tackle the issue on two fronts. First, it would instruct the Labor Department to team up with the SEC and Treasury to review regulations that have historically kept complex assets out of 401(k)s.
Second, the executive action reverses Biden-era guidance that discouraged including cryptocurrencies in defined-contribution plans—restoring a neutral stance toward digital assets.
Allowing crypto into retirement accounts could reshape its legitimacy. As one Reddit user observed:
“When something becomes eligible inside a�…
The post Trump’s Executive Order Set to Direct Regulators Clear Path for Crypto in 401(k)s appeared first on Coin Edition.
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Trump’s Executive Order Set to Direct Regulators Clear Path for Crypto in 401(k)s
- Trump signed an order enabling crypto and private equity in 401(k) plans, reversing previous restrictions.
- Bitcoin price spiked as the news broke, showing immediate market impact.
- Critics warn of risks including volatility, fees, and potential lawsuits over fiduciary duties.
American retirement savers may soon be able to add cryptocurrency to their 401(k)s. President Donald Trump is expected to sign an executive order today directing regulators to open the door for alternative assets in the nation’s largest retirement plans, according to a White House official.
What Would Trump’s Order Actually Do?
The expected executive order would tackle the issue on two fronts. First, it would instruct the Labor Department to team up with the SEC and Treasury to review regulations that have historically kept complex assets out of 401(k)s.
Second, the executive action reverses Biden-era guidance that discouraged including cryptocurrencies in defined-contribution plans—restoring a neutral stance toward digital assets.
Allowing crypto into retirement accounts could reshape its legitimacy. As one Reddit user observed:
“When something becomes eligible inside a�…
The post Trump’s Executive Order Set to Direct Regulators Clear Path for Crypto in 401(k)s appeared first on Coin Edition.
Read More
Trump-Linked World Liberty Seeks $1.5B for Public Crypto Holding Firm: Bloomberg