Trump Executive Order Could Open 401(k) Plans to Crypto, Boosting Bitcoin Past $120K
President Donald Trump is reportedly preparing to sign an executive order that would expand the scope of retirement investments in the U.S., allowing 401(k) accounts to include alternative assets such as cryptocurrencies, gold, and private equity.
As reported by the Financial Times on Thursday, the executive action could be finalized as early as this week. The order is expected to direct financial regulators to remove barriers currently preventing retirement accounts from allocating capital to non-traditional assets.
The news sparked immediate reaction in the markets. Bitcoin surged past $120,000, gaining 1.7% in the last 24 hours. XRP also hit a milestone, breaking through its 2018 all-time high.
If enacted, the policy shift would mark a significant step toward institutional acceptance of digital assets and could redefine long-term investment strategies for millions of Americans.
