President Donald Trump should sign an executive decree which aims to allow cryptocurrency, investment capital and real estate in 401 (K), according to Bloomberg.
Although the details of the directive remain under the Wraps, familiar sources with the case told Bloomberg that the ordinance would order the Ministry of Labor to facilitate fiduciary restrictions which are currently dissuading the administrators of the plan from providing such products.
Bitcoin (BTC) went from $ 114,900 to $ 15,670 per hour following the announcement, while traders interpreted the news as optimists for the adoption of long -term crypto.
Although still shy from the psychological level of $ 120,000 which he briefly touched last month, the rally rekindled the speculative momentum, with derivative markets also showing a leap in an open interest and volume.
There were concerns about the inclusion of cryptocurrencies in retirement plans at the end of 2024, the Ministry of Labor would have “lacked data” to supervise the growing prevalence of cryptographic assets.
Read more: Bitcoin volatility has disappeared at unprecedented levels since October 2023
