US EditionTrump Just Dropped A $12.2 Trillion Crypto Price Bombshell—Sending Bitcoin, Ethereum And XRP Sharply Higher
UNITED STATES, AUG 8 – The order directs regulators to ease rules for 401(k) plans, unlocking potential access to $6.12 trillion in retirement assets for private equity and cryptocurrencies, officials said.
- On Thursday, President Donald Trump signed an executive order directing the Department of Labor to reexamine fiduciary guidance for 401 plans, including private equity and cryptocurrencies.
- With recurring ERISA litigation risks, industry groups have lobbied for years to expand plan options, supporting the $5 trillion private equity and cryptocurrency sectors, according to recent moves.
- The U.S. retirement market holds over $12.5 trillion in 401 assets, and James Butterfill of CoinShares says this unlocks $8.7 trillion for crypto exposure.
- Following the order, investors reacted swiftly, with the CoinDesk 20 index rallying, but there is no immediate change in how people invest their retirement savings.
- Within the next 180 days, the Department of Labor must clarify fiduciary criteria, but it may take several years before crypto and private equity become mainstream in 401 plans.
26 Articles
26 Articles
Fox Business
The Business TimesTrump's 401(k) expansion order: What new investment options will be available?
President Donald Trump's executive order directing financial regulators to include alternative investments in retirement plans like 401(k) funds could change the makeup of Americans' investment portfolios.Trump signed the executive order on Thursday, and the White House provided a fact sheet directing the Labor Department to reconsider its guidance on alternative assets in 401(k) and defined-contribution retirement plans. Additionally, the agenc…
Trump Just Dropped A $12.2 Trillion Crypto Price Bombshell—Sending Bitcoin, Ethereum And XRP Sharply Higher
U.S. president Donald Trump has signed an executive order that will make it easier for 401(k) retirement accounts—which hold a combined $12.2 trillion—to hold bitcoin and crypto...
Door opens for private equity and crypto as 401(k) options
Millions of Americans saving for retirement through 401(k) accounts could have the option of putting their money in higher-risk private equity and cryptocurrency investments. That's according to an executive order signed Thursday by President Donald Trump. His order could give…
The Western Journal
The Gateway PunditTrump Executive Order Opens Up a Whole New World of Possibilities for Your 401(k)
Americans who control the investments in their 401(k) retirement plans will be having a new world of choices under an executive order from President Donald Trump Private equity investments and […] The post Trump Executive Order Opens Up a Whole New World of Possibilities for Your 401(k) appeared first on The Western Journal.
Trump’s crypto 401(k) executive order: Risks of saving for retirement in alternative assets, and who stands to benefit most
President Donald Trump signed an executive order on Thursday that opens the door to allowing alternative assets like cryptocurrencies, private equity, and real estate into 401(k) retirement accounts. Here’s what to know. What does the executive order say? The executive order gives the secretary of labor 180 days to review the guidelines that determine the rules for 401(k)s under the Employee Retirement Income Security Act of 1974, known as ERISA…
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