MEXCTrump To Sign Executive Order To Allow $9T Retirement Market To Invest In Bitcoin
Highlights
- Trump to sign order allowing Bitcoin in $9T US retirement market.
- Executive order removes barriers for 401k crypto and private asset investments.
- Major firms like BlackRock to benefit from expanded retirement investment options
President Donald Trump is preparing to sign an executive order this week. This would allow the $9 trillion US retirement market to invest in Bitcoin, gold, and private equity. Also, the move aligns with his broader pro-crypto agenda. The order is expected to benefit major investment firms like BlackRock and offer legal protections for 401k plan administrators.
Trump’s Bitcoin-Friendly Executive Order Will Expand 401k Investment Options
According to a Financial Times (FT) report, the order could be signed this week. It would instruct federal agencies to remove regulatory barriers that prevent crypto and private assets from being included in professionally managed 401k plans.
Currently, most 401k accounts are limited to mutual funds holding public stocks and bonds. Trump’s plan would allow managers to add Bitcoin and other digital assets. Hence, Americans will have more choice in how they save for retirement.
The White House confirmed that Trump is focused on helping working Americans build wealth and secure their futures. However, it emphasized that no decision is final until the president announces it directly.
This move builds on Trump’s broader push to mainstream Bitcoin. His administration has already dropped enforcement actions against major crypto companies and supported legislation that benefits the digital asset industry.
Also, a White House representative stated that President Trump has shown his support towards eliminating crypto capital gains tax. The move will make small Bitcoin transactions tax-free and ease crypto adoption.
Notably, Trump has openly credited the crypto community with helping him win the 2024 election. His family’s firm, Trump Media & Technology Group, has invested over $2 billion in cryptocurrencies and launched its own stablecoin and digital tokens.
Trump’s Executive Order to Boost Crypto and Private Assets in 401k Plans
In May, Trump’s Department of Labor reversed a Biden-era rule that discouraged 401k plan administrators from offering Bitcoin and crypto investments. That rollback paved the way for this upcoming executive order.
The FT report added that the order would benefit major private investment firms such as Blackstone, Apollo, and BlackRock. These companies have been planning to offer private assets through retirement plans and expect to attract billions in new capital once the rule takes effect.
According to the report, the Labor Department is also being asked to create a legal safe harbor for plan administrators. This would limit their liability when offering riskier private assets, including those with higher fees and less liquidity than traditional investments.
- Will Crypto Market Rebound or Crash Ahead as 10X Research Tips Shorting Ethereum?
- Sam Bankman-Fried Says FTX Was “Never Bankrupt,” Crypto Community Reacts
- XRP ETF Coming This November 13 As Canary Capital Submits Updated S-1 By Removing Roadblocks
- Canary XRP ETF Filing Removes SEC Delay Clause, Targets November Launch
- CFTC, SEC Launch ‘New Era of Collaboration’ to Clarify Crypto Rules, End Regulation by Enforcement
- Sei Price Forecast: Will Robinhood Listing Spark a Rally?
- XRP Price Outlook as ETF Nears Possible November 13 Launch
- Cardano Price Risks 20% Crash Amid Death Cross and Falling ADA ETF Odds
- Bitcoin Price Forecast as Trump Cuts Tariffs After US-China Trade Deal
- Analyst Foresees a Parabolic Rally for Pepe Coin Price as Whale Accumulation Intensifies
- Fidelity Amends S-1 for Solana ETF: Is SOL Price Set to Rally?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
