Trump Signs Executive Order to Open 401(k) Access to Bitcoin and Crypto
In a major policy shift, U.S. President Donald Trump has signed an Executive Order allowing 401(k) retirement plans to include digital assets such as Bitcoin and Ethereum.
The directive instructs the Department of Labor to revisit its rules regarding fiduciary duties and alternative asset classes in employer-sponsored retirement plans. This marks a significant moment for crypto adoption in the U.S. retirement sector.
The order highlights the potential of assets like private equity, real estate, and cryptocurrencies to offer competitive returns and portfolio diversification.
As a result, the crypto market surged. Bitcoin climbed above $117,000 with a 2% daily gain, and Ethereum rallied 5%, pushing total crypto market capitalization near $3.93 trillion.
If fully implemented, this move could accelerate the integration of digital assets into mainstream retirement investing and further solidify the U.S. as a global leader in blockchain finance.