PolitiFi tokens add $86M as Trump opens 401(k)s to crypto and real estate
Main Idea
President Trump is expected to sign an executive order allowing cryptocurrencies and real estate to be included in 401(k) retirement plans, which has led to a $86M increase in PolitiFi tokens and positive market sentiment.
Key Points
1. Trump's executive order aims to include cryptocurrencies and real estate in 401(k) retirement plans, potentially unlocking the $12.5 trillion retirement market for these assets.
2. The market cap of PolitiFi tokens increased by 4.1% ($86M) following the news, reflecting improved sentiment in the crypto space.
3. The Department will collaborate with the SEC and Treasury to develop comprehensive standards for measuring volatility and risks in alternative investments.
4. Inclusion of crypto in 401(k) plans could lead to long-term, sustained inflows, bolstering liquidity and price stability in the crypto market.
5. Firms like SharpLink have increased crypto purchases, showing growing trust in the industry ahead of the executive order.
Description
Cryptocurrencies traded in green on Thursday as optimistic news fueled uptrends. According to Bloomberg, the United States President is set to sign an executive order in Washington today. The move has stirred markets as it clears the path for 401 (k) retirement accounts to different investment alternatives, including cryptocurrencies, private equity, and real estate. Bitcoin Magazine @BitcoinMagazine ยท Follow JUST IN: President Trump to sign an executive order Thursday that aims to allow #Bitco...
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