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Trump Set to Greenlight Crypto in 401(k)s, Bitcoin Rallies on Retirement Reform Push
President Donald Trump is poised to sign an executive order that will allow cryptocurrency, private equity, and real estate investments within 401(k) retirement plans. This historic move aims to broaden retirement portfolio options and signal growing mainstream acceptance of digital assets.
Following the announcement, Bitcoin surged nearly $800 within the hour, climbing from $114,900 to $115,670. The rally reflects renewed market optimism and a spike in derivatives trading volumes, underscoring increased speculative interest.
The order reportedly directs the Department of Labor to ease fiduciary restrictions that currently hinder plan administrators from offering cryptocurrencies and alternative investments. While specific details remain confidential, insiders told Bloomberg that this initiative aims to remove barriers to crypto inclusion in retirement savings.
This development comes after lingering concerns from the Department of Labor in late 2024 about insufficient oversight capabilities for crypto holdings in retirement accounts. The executive order promises to address these regulatory gaps and foster broader institutional adoption of cryptocurrencies.
Although Bitcoin remains shy of the psychological $120,000 level it briefly reached last month, the recent surge signals strong bullish momentum driven by long-term adoption prospects.
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