US President Donald Trump is ready to sign an executive order aimed at allowing cryptocurrency, private equity and real estate in 401 (K) S, according to Bloomberg.
While the details of the Directive remain under wrapping, sources familiar with the case told Bloomberg that the order would lead the Department of Labor to facilitate fiduciar restrictions currently discouraging planning administrators from offering such products.
Bitcoin (BTC) rose from $ 114,900 to $ 15,670 within that hour after the message when dealers interpreted the news as bullish for prolonged crypto recording.
Although it was still shy for the psychological level of $ 120,000, it touched cards, it touched last month, the rally repeated speculative momentum, with derivative markets that also show a leap in open interest and volume.
There was concern about including Cryptocurrencies in retirement plans at the end of 2024, when the Department of Labor reportedly “lacked the data” in order to oversee the growing spread of crypto holdings.
Read more: Bitcoin’s volatility disappears to levels that have not been seen since October 2023
