Donald Trump Signs Order Letting Crypto Into 401(k) Retirement Plans
The order directs the Department of Labor to reevaluate how crypto should be treated by retirement fund managers.
U.S. President Donald Trump has signed an executive order to allow crypto investments in 401(k) retirement plans, opening the gates for millions of dollars to flow into the asset class.
The order, which also allows for private equity investments, is poised to dramatically widen the scope of what retirement plan providers can direct funds to. This in turn could help crypto prices while further integrating digital assets with the broader financial system
Alternative assets, such as private equity, real estate, and digital assets, offer competitive returns and diversification benefits," a fact sheet published Thursday said.
While it was never technically prohibited to add crypto to a retirement plan, the Department of Labor previously put out guidance for fiduciaries to “exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan's investment menu for plan participants
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The order directs the Department of Labor to reevaluate how crypto should be treated by retirement fund managers.
U.S. President Donald Trump has signed an executive order to allow crypto investments in 401(k) retirement plans, opening the gates for millions of dollars to flow into the asset class.
The order, which also allows for private equity investments, is poised to dramatically widen the scope of what retirement plan providers can direct funds to. This in turn could help crypto prices while further integrating digital assets with the broader financial system
Alternative assets, such as private equity, real estate, and digital assets, offer competitive returns and diversification benefits," a fact sheet published Thursday said.
While it was never technically prohibited to add crypto to a retirement plan, the Department of Labor previously put out guidance for fiduciaries to “exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan's investment menu for plan participants
guys follow my friend 👉 Bitcoin first
$BTC
$ETH
$BNB
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