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08/07 13:05

Trump to Sign Executive Order for Bitcoin in 401(k

Trump to Sign Executive Order for Bitcoin in 401(k) Plans

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Trump is set to sign an executive order directing the Labor Department to explore allowing crypto, including Bitcoin, in 401(k) retirement plans.

The move could reshape the $12.5 trillion U.S. retirement market by opening the door for alternative investments like Bitcoin.

Following the news, Bitcoin’s price surged quickly, signaling growing investor excitement and potential market impact.

U.S President Donald Trump is pushing for a big change in how Americans save for retirement. He plans to sign an order that could open the door for crypto, including Bitcoin, to be part of 401(k) plans. 

While it’s not an official rule yet, this move could reshape the $12.5 trillion retirement market and give Bitcoin more exposure, possibly leading to a strong price surge as more money flows in.

Trump Hints at Bitcoin in 401(k)s

On August 7, Trump is expected to sign an order asking the Labor Department to rethink retirement rules. The move aims to allow alternative investments, possibly even crypto, inside 401(k) plans, which are currently limited by the Employee Retirement Income Security Act (ERISA).

The order will involve the Labor Department, Treasury, and SEC working together to review possible rule changes.

Trump also mentioned that people should have the freedom to invest their 401(k) money “even into Bitcoin.” But so far, it’s just a suggestion, not an official plan.

If this goes through, big firms like Blackstone and KKR could offer crypto in retirement accounts, unlocking access to a $12.5 trillion market.

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