Trump Crypto News: Bitcoin, Gold May Soon Be in 401(k) Plans

Trump Crypto News: 401(k) Shake-Up to Include Crypto, Equity

In a move to reshape Americans' retirement savings, Donald Trump is planning to sign an executive order to make 401(k) accounts eligible for assets such as bitcoin, gold, real estate, and private equity. This Trump Crypto news is making headlines in the cryptocurrency market. 

Source: Wu Blockchain

This is a dramatic departure from conventional investing during retiring and shows that president's interest in alternative finance continues to increase.

401 (K) Rules May Soon Include Crypto and Real Assets

The executive order will instruct the U.S. Department of Labor to examine outdated rules under ERISA, the legislation that oversees retirement plans.

It also requests the Treasury Department and SEC to collaborate on re-writing rules that keep non-traditional assets out of retirement savings.

Upon signing, this policy will enable Americans to invest in bitcoin and other digital tokens via employer-sponsored 401(k) plans.

This Trump crypto news is part of a larger effort to make retirement savings available to more contemporary and diverse investment options.

Cryptocurrencies, gold, and private equity were unavailable to the majority of retirement savers for years. All that might be about to change.

Trump Crypto News Comes After Major Economic Shakeup

This move arrives just days after Trump fired the Commissioner of the Bureau of Labor Statistics (BLS), following the release of disappointing job data. 

The BLS had revised earlier numbers, showing 258,000 fewer jobs added than first reported. July’s job growth was also much weaker than expected.

While that might seem like bad news for the economy, it may actually help the president make his case for allowing more control over personal investments. 

Slower job growth could be used to argue that Americans need better tools, like digital currencies and gold to protect their financial future. 

The timing of this Trump crypto news suggests a deeper plan to shift economic policy and win back public trust.

Opening the $9 Trillion Retirement Market to Crypto

If the order gets signed, it could unlock the $9 trillion U.S. retire-ment market for bitcoin and other digital assets. 

Millions of Americans could gain access to cryptocurrency through their retire-ment plans. It will bring more long-term investment into the industry. 

This would be a major victory for the digital assets space, which has long struggled for mainstream approval.

The cryptocurrency market cap now stands at $3.82 Trillion, with an increase of 2.82% in the last one day. Bitcoin price is trading at $116,470 with an increase of 2.14% while Ethereum is now trading at $3812 with an increase of 5.52% in the last 24 hours as per the CoinMarketCap. 

Source: CoinMarketCap

Firms Ready to Tap the Opportunity

Big asset managers like Blackrock, Apollo and Blackstone are partnering to introduce private equity, digital assets, and alternative investments into 401(k) plans. 

Most of these companies already have the infrastructure in place to hold bitcoin within retire-ment portfolios.

This Trump crypto news indicates public and private sectors are united in putting digital assets into mainstream finance. If it succeeds, it will be the largest retirement overhaul in decades.

Final Thoughts

This newest Trump crypto news can be a turning point in the way Americans invest their savings. By endorsing bitcoin, gold, and private equity in retirement accounts, the US president is providing new levels of economic freedom. 

Whatever the motivation, a reaction to economic necessity or a longer game plan one thing is certain: retire-ment in America will soon be very different.