Trump to Allow Pension Fund Investment in Cryptocurrency, Gold
BlockBeats News, July 18th, according to the Financial Times, Trump is preparing to open up cryptocurrency, gold, and private equity to the $9 trillion U.S. retirement market, a move that will stimulate a fundamental shift in how Americans manage their savings.
According to three sources familiar with the matter, Trump is expected to sign an executive order as early as this week to open up alternative investments for 401k retirement plans beyond traditional stocks and bonds. These investments will span a wide range of asset classes, from digital assets to metals, as well as funds focused on corporate acquisitions, private lending, and infrastructure deals.
The sources mentioned above stated that the executive order will instruct regulators to investigate the barriers facing professional managed funds in incorporating alternative investments for 401k holders.
You may also like
Gainers
Latest Crypto News
Trump Says Fed Chair Should Cut Interest Rates, Reiterates Criticism of Powell
In the past 24 hours, the entire network liquidated $376 million, with the majority coming from the largest short position
The probability of a 25 basis point interest rate cut by the Federal Reserve in December is currently at 87.2%.
Trump: Will Announce New Fed Chair in Early Next Year
Coinbase International Site to Launch DASH Perpetual Contract Trading
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]