According to reports, the president of the United States, Donald Trump, will sign an executive order that could allow American retirement plans (K) to invest in alternative assets outside actions and bonds, such as cryptocurrencies.
The executive order could be signed at some point in this week, Financial Times reported Thursday, citing three people who have been informed about the plans.
The new investment options 401 (K) could cross a broad spectrum of assets, including digital assets, metals and funds focused on infrastructure agreements, corporate acquisitions and private loans.
The Executive Order would instruct Washington regulatory agencies that investigate the best way to follow for plans 401 (k) to begin investing in cryptography and investigating any remaining obstacle to be reality, according to The Financial Times.
Trump has the last word about whether it is official
However, in a statement to the cointelegraph, the White House spokesman, Kush Desai, said that nothing should be considered official unless Trump himself comes from.
“President Trump is committed to restoring prosperity for everyday Americans and safeguarding his economic future,” he said.
“However, official decisions should not be considered unless they come from President Trump himself.”
In May, the United States Department of Labor rescinded the orientation issued during the Biden administration that limited the inclusion of cryptocurrency in retirement plans 401 (K).
Meanwhile, in April, Cointegraph reported that the Fidelity Financial Services Company, which has $ 5.9 billion in assets under administration, introduced a new retirement account that allows Americans to invest in cryptography.
The 401 (K) standard focuses on actions and bonds
A 401 (K) is a retirement savings plan offered by many US employers that allow employees to save and invest a part of their payment check in the funds before taxes are taken.
In general, investments focus on mutual funds, funds quoted in the stock market, shares and bonds, depending on the plan. The 401 (K) market had $ 8.9 billion in assets as of September 30, 2024, in more than 715,000 plans.
Related: 20% of generation Z, Alpha sees cryptography as a retirement alternative: inform
At the state level, in March, North Carolina legislators already presented bills in the Chamber and the Senate that could see the State Treasurer assign up to 5% of several state retirement funds in cryptography such as Bitcoin (BTC).
Other countries are looking at cryptography in retirement plans
In November last year, the United Kingdom’s Pension Specialist Cartwright reported that an “unidentified scheme” had made a 3% assignment of Bitcoin at his pension fund.
Meanwhile, the Pension Investment Fund in Japan was also considering Bitcoin as a possible diversification tool in March last year.
Magazine: Major investors risk everything for a retirement financed with cryptography
