U.S. president Donald Trump has been reportedly set to sign an executive order that may allow American retirement plans 401 (K) to invest in alternative ownership out of stocks and bonds, such as cryptocurrencies.
The executive command can be signed once this week, the Financial Times reported On Thursday, three people were mentioned in plans.
The new 401 (k) investment options can run on a broad spectrum of genitals, including Digital assetsMetals and funds dedicated to infrastructure deals, corporate takeovers and private loans.
The Executive Order will direct Washington regulation agencies to investigate the best path for 401 (K) plans to start investing in crypto, and investigate any remaining barriers to make it a reality, according to the Financial Times.
Trump has the final to say if it is official
However, in a statement to Cointelegraph, White House spokesman Kush Desai said no official should be considered unless it came from Trump himself.
“President Trump is dedicated to restoring prosperity for daily Americans and protecting their future economics,” he said.
“No decisions should be considered official, however, unless they come from President Trump himself.”
In May, the The US Labor Department saves guidance The Biden administration issued a limited integration of cryptocurrency to 401 (k) retirement plans.
Meanwhile, in April, Cointelegraph Fidelity’s financial service company has been reportedWith a $ 5.9 trillion in the property under management, a new retirement account has been introduced that allows Americans to invest in crypto.
Standard 401 (K) is focused on stocks and bonds
A 401 (k) is a retirement -spanning plan offered Through many United States employers allowing employees to save and invest a portion of their salary on funds before taxation is released.
Usually, investments focus on each other’s funds, Funds exchanged by exchangeStock and bond, depending on the plan. The 401 (k) market held $ 8.9 trillion in possessions on September 30, 2024, to more than 715,000 plans.
Related: 20% of Gen Z, Alpha sees Crypto as alternative retirement: Report
At a state level, in March, lawmakers in North Carolina The bills have already been introduced in the Chamber and Senate That could see the state manager who provides up to 5% of different state retirement funds in crypto such as Bitcoin (Btc).
Other countries look to crypto with retiring plans
In November last year, the United Kingdom -based Pension Cartwright Pension reported to be an “unnamed procedure” would make a 3% Bitcoin allocation in its pension fund.
Meanwhile, Japanese government investment funding is also Considering Bitcoin as a potential tool in varying -I in March of last year.
Magazine: Older investors are at risk for a crypto -funded retirement
