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Trump Pushes for Crypto Access in American Retirement Accounts
Trump is set to sign a groundbreaking executive order that could open the door for cryptocurrencies to be included in 401(k) retirement plans, potentially transforming how millions of Americans invest their savings.
The White House Press Office confirmed the order directs the US Labor Department to reassess restrictions on alternative assets in defined-contribution retirement plans, including digital assets, private equity, and real estate. This move could pave the way for retail investors to access the booming crypto market through their retirement accounts.
What the Executive Order Means for Crypto and Retirement Accounts
A senior White House official revealed that the order will instruct the Labor Secretary to clarify the department’s position on alternative investments and provide guidance on fiduciary responsibilities. This could lead to clear rules on how cryptocurrencies and other non-traditional assets can be safely integrated into 401(k) portfolios.
With the US 401(k) market worth an estimated $12.5 trillion, allowing crypto exposure here represents a massive opportunity for the crypto industry — long eager to reach everyday investors rather than just institutional players.
Despite growing crypto adoption by institutions, retail investors have faced barriers due to fiduciary risk, regulatory uncertainty, and market volatility. The executive order calls for coordination between the Treasury Department and the SEC to explore regulatory changes that could make crypto a viable part of retirement investing.
SEC Chair Paul Atkins emphasized the importance of educating investors on the risks of crypto and ensuring transparent disclosures, while expressing anticipation about the president’s upcoming decisions.
Background: From Caution to Potential Inclusion
Earlier this year, the Labor Department revoked its 2022 guidance that urged extreme caution for crypto in 401(k) plans. Now, Trump’s order signals a shift towards embracing innovative asset classes within retirement portfolios, aligning with his commitment to protect and grow the financial futures of everyday Americans.
This executive order, once finalized, could mark a new chapter for crypto adoption — potentially making digital assets a mainstream option in retirement savings for millions.
