BREAKING: Trump Executive Order Opens 401(k)s to Crypto—Brace for the Retirement Revolution
Wall Street's about to get a blockchain enema. President Trump just dropped the hammer with an executive order greenlighting crypto in 401(k) plans—and the old guard's already clutching their pearls.
Main Street meets memecoins
Suddenly, your retirement fund could hold Bitcoin alongside boring index funds. Financial advisors are scrambling to update their PowerPoints from 'crypto=scam' to 'strategic digital asset allocation.'
The fine print gamble
No word yet on which coins make the cut—will Dogecoin ride shotgun with Ethereum? One thing's certain: 401(k) providers now face their biggest tech overhaul since dial-up internet.
Wall Street's worst nightmare: a generation that'd rather YOLO retirement savings into Shiba Inu than overpay for mutual funds with 2% expense ratios. Let the games begin.
Trump’s Yet Another Cheer for Crypto
The move highlights Donald Trump’s yet another cheering for cryptocurrencies. In later 2024 and throughout his election campaigns, Trump has been much vocal for cryptocurrencies. After taking over the WHITE House, he has made numerous efforts to champion the cryptocurrency industry.
Last month, Trump hosted the “Crypto Week” to discuss three major crypto-related bills at the White House and signed the first federal law to regulate stablecoins. He also tapped venture capitalist David Sacks to be the first-ever White House official for artificial intelligence (AI) and crypto matters.
Also read: Indian Govt sends 44K emails for undeclared crypto income