Retirement News

Trump’s executive order opening 401(k)s to crypto has drawn a mix of praise, caution and criticism from industry leaders and skeptics alike.

Trump’s move may change US retirement plans. Bitcoin could soon be part of your 401(k), and Wall Street is getting ready.

The White House Press Office confirmed to Cointelegraph that President Trump will sign an executive order allowing crypto exposure in US 401(k) retirement plans.

White House spokesman Kush Desai told Cointelegraph that “No decisions should be deemed official,” unless it comes directly from President Trump himself.

According to Labor Secretary Chavez-DeRemer, this move returns investment decisions to fiduciaries instead of bureaucrats.

Wisconsin, one of the first US states offering Bitcoin exposure to its retirees, previously held over 6 million shares in BlackRock’s Bitcoin ETF.

Letitia James has rallied Congress to support stopping US retirement funds from investing in crypto or crypto ETFs, which she claimed have “no intrinsic value.”

The accounts allow for buying and selling Bitcoin, Ether, and Litecoin under a 1% spread fee.

Senator Tommy Tuberville introduced the Financial Freedom Act in 2022 and 2023. Both times, the legislation failed to get out of committee.

The legislation also requires state pension funds to evaluate investing in crypto exchange-traded funds, and covers the right to self-custody and crypto mining.

California has the largest investment in Strategy stock with more than $150 million held in state retirement funds, says Bitcoin analyst Julian Fahrer.

Australia has a superannuation system requiring employers to allocate a portion of an employee’s earnings to a retirement account.

1971 Capital chief investment officer Brian Russ says Ethereum is undervalued and that Bitcoin, gold and silver are in a long bull market.

Pension funds often feature smaller alternative asset allocations and deep liquidity to mitigate risk, Allie Itami told Cointelegraph.

Cartwright reported that an “unnamed scheme” based in the UK had made a 3% allocation of Bitcoin into its pension fund.