Trump Expected to Allow Crypto in 401(k) Retirement Accounts
Trump Expected to Allow Crypto in 401(k) Retirement Accounts

Trump Expected to Allow Crypto in 401(k) Retirement Accounts

News summary

President Trump is set to sign an executive order allowing cryptocurrencies, private equity, real estate, and other alternative assets to be included in 401(k) retirement accounts, marking a significant expansion of investment options for millions of Americans. This move has sparked a positive reaction across the crypto market, with major coins like Ethereum, Bitcoin, Solana, and XRP experiencing notable price increases, and related stocks such as Coinbase and Robinhood also rallying. The order directs regulatory agencies, including the SEC, to facilitate easier access to these alternative assets, potentially reshaping retirement planning and boosting institutional acceptance of cryptocurrencies. The Trump administration's efforts to foster crypto innovation include recent legislative successes like the GENIUS Act, positioning the U.S. as a global crypto hub. While supporters highlight the potential for enhanced returns and portfolio diversification, critics warn about increased risks and volatility in retirement accounts. Large asset managers like BlackRock have endorsed the move, emphasizing the benefits and growing transparency of private assets in retirement portfolios.

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Last Updated
15 days ago
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