Editor's PiCK
U.S. to Permit ‘Cryptocurrency Investments’ in Retirement Funds…“Trump Expected to Sign”
Summary
- Bloomberg reported that the United States has decided to allow cryptocurrency investments in retirement funds worth $12.5 trillion.
- President Trump is expected to sign an executive order to include alternative assets such as cryptocurrencies in 401(k) retirement funds.
- Bloomberg said this measure is considered an important victory for industries seeking access to the retirement fund market.
The United States will allow cryptocurrency investments in retirement funds amounting to $12.5 trillion.
Bloomberg reported on the 7th (local time), “U.S. President Donald Trump is expected to sign an executive order today allowing alternative assets such as real estate, cryptocurrencies, and private equity to be included in 401(k) retirement plans.” The 401(k) is a prominent U.S. retirement fund totaling $12.5 trillion (about ₩1,730 trillion).
This executive order is interpreted as part of the second Trump administration’s ‘pro-virtual asset’ policy. Previously, President Trump signed the first federal law related to cryptocurrency, the Genius Act (Stablecoin Act), last month. Bloomberg stated, “(This measure) is seen as a major victory for industries seeking access to the $12.5 trillion in retirement funds.”
JOON HYOUNG LEE
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