Donald Trump is preparing a decree that will open the $9 trillion American pension market to cryptocurrencies, gold, private funds, and other alternative assets.
The decree will require regulators to review existing restrictions and remove everything that prevents the addition of such instruments to the portfolios managed by financial advisors.
This move continues the trend towards legalizing cryptocurrency in traditional finance. Already in May, the U.S. Department of Labor repealed a Biden-era rule that hindered the inclusion of digital assets in pension programs.
Today, the U.S. House of Representatives approved three cryptocurrency bills — all with Trump's support. The GENIUS Act creates a framework for stablecoins, the Clarity Act defines who can issue them, and the Anti-CBDC Act directly prohibits the Federal Reserve from launching a digital dollar.
If the president signs the decree, Americans will gain access to a much wider range of assets within pension plans. But it hasn't been without controversy.
