Trump May Allow Crypto in Retirement Funds
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White House spokesman Kush Desai told Cointelegraph that “No decisions should be deemed official,” unless it comes directly from President Trump himself.
US President Donald Trump is reportedly set to sign an executive order that could allow American 401(k) retirement plans to invest in alternative assets outside of stocks and bonds, such as cryptocurrencies.
The executive order could be signed sometime this week, the Financial Times reported on Thursday, citing three people who have been briefed on the plans.
The new 401(k) investment options could run across a broad spectrum of assets, including digital assets, metals and funds focused on infrastructure deals, corporate takeovers and private loans.
The executive order would instruct Washington regulatory agencies to investigate the best path forward for 401(k) plans to start investing in crypto, and investigate any remaining obstacles to making it a reality, according to the Financial Times.
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