A campaign promise kept by President Trump
The presidential decree will also ask the Department of Labor to collaborate with other federal agencies, including the Treasury and the Securities and Exchange Commission (SEC), to coordinate the regulatory changes necessary for adding cryptocurrencies and other alternative assets to 401(k) accounts.
This is a campaign promise made by Donald Trump that is being fulfilled. Indeed, as early as July 2024, candidate Trump stated that he would "allow workers to invest in digital assets" through their retirement savings accounts.
And this will represent a colossal market for Bitcoin and its peers, as 401(k)s represent about $12.5 trillion in assets under management.
Certainly, President Trump has kept many of his campaign promises regarding cryptocurrencies. In fact, in addition to this decree on retirement, he also signed the Genius Act last July, which provides a clear regulatory framework for stablecoin issuers.
