US President Donald Trump is set to sign an executive order allowing cryptocurrencies in 401(k) retirement plans. This change could significantly impact markets and investment strategies.
US Policy Shift on Cryptocurrencies
Trump is preparing to sign an order that would authorize the inclusion of cryptocurrencies in 401(k) retirement plans, marking a shift in the government's approach to digital assets. This was announced by White House representatives.
Crypto Market Reacts to Announcement
Following the announcement of the upcoming order, Bitcoin rose by 2%, and the overall cryptocurrency market surged by 2.4%, reaching a market capitalization of nearly $3.9 trillion. Investors also reacted positively to Ethereum and Solana.
Reversal of Biden-Era Policy on Crypto
The signed order also reverses the Biden administration's warnings from 2022 regarding the volatility of cryptocurrencies in retirement plans. Experts believe this could attract institutional interest as policies adapt to new market realities.
Signing the order allowing cryptocurrencies in retirement plans may significantly change investment approaches and increase interest in digital assets in the US.
