Trump Will Unlock Bitcoin And Gold For U.S. Retirement Accounts

This move aims to unlock the $9 trillion 401k market for a wider range of alternative assets, aligning with the pro-cryptocurrency agenda and Trump's broader wealth-building initiative. According to sources cited by the Financial Times, this order could be issued this week. The order will instruct federal agencies to remove legal barriers that currently prevent pension fund managers from including digital assets and private investments in managed portfolios. This decision will mark a major shift from the current situation, where most 401k options are limited to mutual funds and traditional securities. If implemented, large investment corporations like BlackRock, Apollo, and Blackstone will benefit from the increased demand for diverse retirement products. The White House stated that Trump is committed to giving American workers more control over how they grow their savings. Officials also hinted that the administration is looking to exempt capital gains tax for small cryptocurrency transactions - an additional incentive to encourage adoption. Trump's cryptocurrency-friendly stance has shaped policy, including the repeal of Biden's limits on digital assets in retirement plans. His administration has also supported legislation favorable to the cryptocurrency industry and relaxed control measures. Notably, Trump has acknowledged the contributions of the cryptocurrency community for helping secure his victory in the 2024 election. His media company has invested billions of dollars into digital assets and launched its own (stablecoin), signaling the administration's intent to integrate cryptocurrency more deeply into the U.S. financial system.