US President Donald Trump should sign a decree that could allow US retirement plans 401 (K) to invest in alternative assets outside shares and bonds, such as cryptocurrencies.
The decree could be signed this week, the Financial Times reported on Thursday, citing three people who were informed of the plans.
The new investment options 401 (K) could take place on a wide range of assets, including digital assets, metals and funds focused on infrastructure transactions, business control and private loans.
The decree would perform Washington’s regulatory agencies to investigate the best way to follow for plans 401 (K) to start investing in crypto and investigating the remaining obstacles to make a reality, according to the Financial Times.
Trump has the last word about the fact that it is official
However, in a press release in Cointelegraph, the White House spokesman Kush Desai said that nothing should be considered official unless he comes from Trump himself.
“President Trump is determined to restore the prosperity of everyday Americans and protect their economic future,” he said.
“No decision should be judged official, however, unless they come from President Trump himself.”
In May, the American Labor Department canceled the directives published during the Biden administration which limited the inclusion of cryptocurrency in retirement plans 401 (K).
At the same time, in April, Cointelegraph indicated that the financial services company Fidelity, which has 5.9 billions of dollars of assets under management, introduced a new retirement account allowing Americans to invest in the crypto.
Standard 401 (K) focuses on shares and obligations
A 401 (K) is a retirement savings plan offered by many American employers who allow employees to save and invest part of their pay check in the funds before taxes.
As a rule, investments are focused on common investment funds, stock market negotiated funds, stocks and bonds, according to the plan. Market 401 (K) held 8.9 billions of dollars in assets on September 30, 2024, in more than 715,000 plans.
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At the state level, in March, Northern Carolina legislators have already presented bills to the Chamber and the Senate which could see the Treasurer of the State to allocate up to 5% of the various state pension funds in Crypto like Bitcoin (BTC).
Other countries are considering a crypto in retirement plans
In November of last year, the pension specialist based in the United Kingdom, Cartwright, said that a “nameless program” had a 3% bitcoin allowance in his pension fund.
Meanwhile, the government investment fund on Japanese pensions also considered Bitcoin as a potential diversification tool in March of last year.
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