Donald Trump Signs Order Letting Crypto Into 401(k) Retirement Plans
Main Idea
U.S. President Donald Trump has signed an executive order allowing crypto investments in 401(k) retirement plans, directing the Department of Labor to reevaluate its guidance for retirement fund managers.
Key Points
1. The order directs the Department of Labor to publish new guidance for retirement fund managers regarding crypto investments in 401(k) plans.
2. Previous guidance from the Department of Labor that discouraged crypto investments in retirement plans was fully rescinded in May.
3. The move could lead to significant inflows into crypto-related investment products like bitcoin ETFs, which are already being traded in individual retirement accounts (IRAs).
4. BlackRock’s iShares Bitcoin Trust (IBIT) is currently handling over $85 billion worth of bitcoin, indicating growing institutional interest.
5. Trump also signed another executive order addressing debanking, directing federal regulators to address politicized or unlawful debanking within six months.
Description
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 equit...
Latest News
- SEC's Long-Running Case Against Ripple Officially Over2025-08-08 00:02:30
- Donald Trump Signs Order Letting Crypto Into 401(k) Retirement Plans2025-08-07 21:46:32
- Bitcoin Surges Past $117K as Trump Taps Stephen Miran for Federal Reserve2025-08-07 20:42:13
- Bitcoin Miner Core Scientific’s Third Largest Shareholder Opposes CoreWeave Deal2025-08-07 19:55:36
- NEAR Protocol Posts 5% Recovery Amid Volatility Surge2025-08-07 17:47:24