US President Donald Trump is allegedly prepared to sign an executive order that can allow the US 401 (K) retirement plan to invest in alternative assets outside the stock and bonds, such as cryptocurrency.
The executive order can be signed at the Financial Times at some time this week. Informed On Thursday, citing three people who have been informed on the schemes.
The new 401 (K) investment options can run in a broad spectrum of assets, including digital assets, metals and infrastructure deals, corporate acquisitions and funds focused on private loans.
According to The Financial Times, the Executive Order will instruct the Washington regulatory agencies to investigate the best path for 401 (K) plans to start investing in Crypto, and will have to check any remaining obstacles.
Trump’s final says whether it is official
However, in a statement by Coinlagraph, White House spokesman Kush Desai said nothing should be considered official until it comes from Trump.
“President Trump is committed to restoring prosperity for everyday Americans and protecting his economic future,” he said.
“Any decision should not be considered official, however, unless he himself comes from President Trump.”
In May, the US Labor Department canceled the guidance issued during the Biden administration, which limited the involvement of cryptocurrency in 401 (K) retirement schemes.
Meanwhile, in April, the coinalgraph reported that the financial services company Fidality, which has $ 5.9 trillion in the property under management, introduced a new retirement account, allowing Americans to invest in Crypto.
Standard 401 (K) focuses on stock and bonds
A 401 (K) is a retirement savings scheme … Offered All the American employers who allow employees to save and invest a part of their salary in the fund before drawing out taxes.
Typically, mutual funds focus on mutual funds, exchange-traded funds, stocks and bonds based on the investment plan. 401 (K) Market Conducted In more than 715,000 schemes, September 30, 2024 in assets $ 8.9 trillion.
Connected: 20%of General Z, Alpha sees Crypto as retirement
At one state level, in March, MPs from Northern Carolina already introduced bills in the House and Senate, which could allocate the treasurer of the state up to 5% of various state retirement funds in crypto such as bitcoin (BTC).
Other countries are looking at Crypto in retirement schemes
In November last year, the United Kingdom -based pension specialist Cartright reported that a “anam scheme” had allocated 3% of bitcoins in his pension fund.
Meanwhile, Japan’s Government Pension Investment Fund was also considering bitcoin as a possible diversification tool in March last year.
magazine: Old investors are putting everything at risk for a crypto-funded retirement.
