US representative seeks to turn Trump's 401(k) crypto executive order into law

US representative seeks to turn Trump's 401(k) crypto executive order into law

By Cointelegraph
The bill, if passed, would codify US President Donald Trump's executive order allowing retirement plans to include "alternative assets," including cryptocurrencies.

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A US Representative is advancing legislation to permanently codify President Trump's groundbreaking executive order that opens 401(k) retirement plans to cryptocurrency investments and alternative digital assets. This bipartisan bill would revolutionize traditional retirement planning by allowing Americans to diversify their portfolios with Bitcoin, Ethereum, and other blockchain-based assets within tax-advantaged accounts.

The proposed legislation represents a seismic shift in cryptocurrency adoption, potentially channeling billions of dollars from conventional retirement funds into the digital asset ecosystem. If passed, the bill would make crypto integration in 401(k) plans a permanent fixture rather than subject to future executive reversals, providing long-term regulatory clarity for the burgeoning DeFi sector.

This development signals growing institutional acceptance of cryptocurrency as a legitimate retirement investment vehicle, potentially driving massive capital inflows into Bitcoin and altcoin markets. Financial advisors and cryptocurrency exchanges are positioning themselves to capitalize on this paradigm shift, which could democratize crypto access for millions of American workers while fundamentally transforming retirement investment strategies across the United States.

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Market Sentiment
negative
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Crypto#News

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Source: Cointelegraph

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